https://www.taxtmi.com/caselaws?id=458332 Delhi HC set aside acquittal of accused firm and accused no. 3 in dishonour of cheque case under Section 138 NI Act. Court held accused failed to rebut presumption under Section 139 by not producing credible evidence of losses from allegedly inferior materials supplied. Defence claim of defective goods was mere assertion without supporting documentation or counter-claims. Accused no. 3, being purchase manager who placed orders and remained with firm when cheque dishonoured, was vicariously liable under Section 141. Accused no. 2 acquitted while accused no. 1 and no. 3 found guilty. Appeal allowed partially. en-us Tue, 30 Jun 2015 00:00:00 +0530 Tue, 22 Oct 2024 20:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458332 Delhi HC set aside acquittal of accused firm and accused no. 3 in dishonour of cheque case under Section 138 NI Act. Court held accused failed to rebut presumption under Section 139 by not producing credible evidence of losses from allegedly inferior materials supplied. Defence claim of defective goods was mere assertion without supporting documentation or counter-claims. Accused no. 3, being purchase manager who placed orders and remained with firm when cheque dishonoured, was vicariously liable under Section 141. Accused no. 2 acquitted while accused no. 1 and no. 3 found guilty. Appeal allowed partially. Case-Laws Indian Laws Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458332