https://www.taxtmi.com/caselaws?id=458426 In a Section 138 Negotiable Instruments Act prosecution, ledger entries and the complainant's oral evidence established the underlying business transaction, while the accused admitted the cheque signature, gave no reply to statutory notice, and produced no material to rebut the statutory presumption. The presumption under Sections 118 and 138 therefore operated in favour of the complainant and the liability remained proved. Presentation of the cheque after four months did not by itself defeat the complaint, because the cheque was accepted on presentation and dishonoured for closure of account. The conviction and sentence were sustained. en-us Mon, 08 Jun 2015 00:00:00 +0530 Sat, 26 Oct 2024 19:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458426 In a Section 138 Negotiable Instruments Act prosecution, ledger entries and the complainant's oral evidence established the underlying business transaction, while the accused admitted the cheque signature, gave no reply to statutory notice, and produced no material to rebut the statutory presumption. The presumption under Sections 118 and 138 therefore operated in favour of the complainant and the liability remained proved. Presentation of the cheque after four months did not by itself defeat the complaint, because the cheque was accepted on presentation and dishonoured for closure of account. The conviction and sentence were sustained. Case-Laws Indian Laws Mon, 08 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458426