https://www.taxtmi.com/caselaws?id=764154 Delhi HC set aside trial court's acquittal in dishonour of cheque case under Section 138 NI Act. Accused admitted issuing cheque but denied taking loan, claiming he had lent money to complainant instead. Trial court acquitted based on accused's apparently better financial status. HC held that presumptions under Sections 118 and 139 NI Act were not rebutted as accused failed to provide material evidence supporting his defense. Court found no evidence questioning complainant's financial capacity to advance loan, so burden never shifted to complainant to prove financial means. en-us Tue, 24 Dec 2024 00:00:00 +0530 Sat, 04 Jan 2025 08:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764154 Delhi HC set aside trial court's acquittal in dishonour of cheque case under Section 138 NI Act. Accused admitted issuing cheque but denied taking loan, claiming he had lent money to complainant instead. Trial court acquitted based on accused's apparently better financial status. HC held that presumptions under Sections 118 and 139 NI Act were not rebutted as accused failed to provide material evidence supporting his defense. Court found no evidence questioning complainant's financial capacity to advance loan, so burden never shifted to complainant to prove financial means. Case-Laws Indian Laws Tue, 24 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764154