https://www.taxtmi.com/caselaws?id=459815 A cheque issued after closure of the drawer's account remains within Section 138 of the Negotiable Instruments Act if it was drawn on an account previously maintained by the drawer, because a purposive reading protects the credibility of cheque transactions. The statutory presumption under Section 139 arises once signature and prior financial dealings are admitted, and it can be rebutted only by credible evidence showing a probable defence on a preponderance of probabilities. Bare denials, unsupported security-cheque claims, and unconvincing post-notice conduct are insufficient. On these principles, the acquittal could not stand and the conviction was restored. en-us Fri, 06 Feb 2004 00:00:00 +0530 Mon, 30 Dec 2024 12:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459815 A cheque issued after closure of the drawer's account remains within Section 138 of the Negotiable Instruments Act if it was drawn on an account previously maintained by the drawer, because a purposive reading protects the credibility of cheque transactions. The statutory presumption under Section 139 arises once signature and prior financial dealings are admitted, and it can be rebutted only by credible evidence showing a probable defence on a preponderance of probabilities. Bare denials, unsupported security-cheque claims, and unconvincing post-notice conduct are insufficient. On these principles, the acquittal could not stand and the conviction was restored. Case-Laws Indian Laws Fri, 06 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459815