https://www.taxtmi.com/caselaws?id=768519 In a commercial credit transaction, cheating is made out only if the materials show dishonest inducement at the inception and resulting parting with property or wrongful loss. Here, the parties' dealings reflected a business arrangement for coal supply, and the later notarized agreement with non-payment did not by itself prove deception from the start. The record also did not show fresh supplies after that agreement or circumstances indicating the accused knew repayment was impossible. Mere breach of promise or failure to pay because of business setbacks was insufficient, so the criminal proceeding was quashed. en-us Wed, 02 Apr 2025 00:00:00 +0530 Thu, 03 Apr 2025 11:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768519 In a commercial credit transaction, cheating is made out only if the materials show dishonest inducement at the inception and resulting parting with property or wrongful loss. Here, the parties' dealings reflected a business arrangement for coal supply, and the later notarized agreement with non-payment did not by itself prove deception from the start. The record also did not show fresh supplies after that agreement or circumstances indicating the accused knew repayment was impossible. Mere breach of promise or failure to pay because of business setbacks was insufficient, so the criminal proceeding was quashed. Case-Laws Indian Laws Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768519