https://www.taxtmi.com/caselaws?id=765591 Under the Negotiable Instruments Act, admission of cheque signatures raises presumptions of liability, but the accused may rebut them on a preponderance of probabilities through direct or circumstantial evidence, inconsistencies in the complainant's case, or cross-examination. Here, the complainant failed to prove the alleged loan or investment, the asserted business liability lacked reliable accounts and documentary support, the payment mode was unproved, and the acknowledgement documents were doubtful. The defence that the cheques were missing or stolen and that stop-payment instructions had been issued was found probable. The presumptions were rebutted, no legally enforceable debt was established, and the acquittal was left undisturbed. en-us Mon, 27 Jan 2025 00:00:00 +0530 Wed, 05 Feb 2025 08:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765591 Under the Negotiable Instruments Act, admission of cheque signatures raises presumptions of liability, but the accused may rebut them on a preponderance of probabilities through direct or circumstantial evidence, inconsistencies in the complainant's case, or cross-examination. Here, the complainant failed to prove the alleged loan or investment, the asserted business liability lacked reliable accounts and documentary support, the payment mode was unproved, and the acknowledgement documents were doubtful. The defence that the cheques were missing or stolen and that stop-payment instructions had been issued was found probable. The presumptions were rebutted, no legally enforceable debt was established, and the acquittal was left undisturbed. Case-Laws Indian Laws Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765591