https://www.taxtmi.com/caselaws?id=757070 Where the drawer admits issuance and signing of the cheque, the presumptions under Sections 118(a) and 139 of the Negotiable Instruments Act operate in favour of the complainant. A dispute over the rate of interest reflected in loan documents, without more, is insufficient to rebut the presumption of a legally enforceable debt when the principal liability is not disputed. Partial repayment evidence, if incomplete, does not establish full discharge, and closure of the bank account after issuance of the cheque strengthens the inference of liability. The reasoning that the debt was unenforceable merely because of interest calculation differences is therefore unsustainable. en-us Tue, 13 Aug 2024 00:00:00 +0530 Fri, 16 Aug 2024 08:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757070 Where the drawer admits issuance and signing of the cheque, the presumptions under Sections 118(a) and 139 of the Negotiable Instruments Act operate in favour of the complainant. A dispute over the rate of interest reflected in loan documents, without more, is insufficient to rebut the presumption of a legally enforceable debt when the principal liability is not disputed. Partial repayment evidence, if incomplete, does not establish full discharge, and closure of the bank account after issuance of the cheque strengthens the inference of liability. The reasoning that the debt was unenforceable merely because of interest calculation differences is therefore unsustainable. Case-Laws Indian Laws Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757070