https://www.taxtmi.com/caselaws?id=760522 HP HC dismissed revision in dishonour of cheque case. Accused did not dispute loan, cheque issuance, or signatures. Court held presumption under law that cheque was issued for legal liability remained unrebutted as accused failed to provide satisfactory evidence. Accused's claim of amount deposit was unproven regarding the specific loan transaction. Failure to pay within 15 days of court summons precluded benefit of non-receipt of notice defense. Trial court's compensation of Rs. 1,00,000 deemed appropriate considering legal expenses, interest loss, and SC precedent allowing fine up to twice cheque amount with 9% interest. Revision dismissed. en-us Fri, 04 Oct 2024 00:00:00 +0530 Tue, 22 Oct 2024 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760522 HP HC dismissed revision in dishonour of cheque case. Accused did not dispute loan, cheque issuance, or signatures. Court held presumption under law that cheque was issued for legal liability remained unrebutted as accused failed to provide satisfactory evidence. Accused's claim of amount deposit was unproven regarding the specific loan transaction. Failure to pay within 15 days of court summons precluded benefit of non-receipt of notice defense. Trial court's compensation of Rs. 1,00,000 deemed appropriate considering legal expenses, interest loss, and SC precedent allowing fine up to twice cheque amount with 9% interest. Revision dismissed. Case-Laws Indian Laws Fri, 04 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760522