https://www.taxtmi.com/caselaws?id=774140 Admitted cheque signatures did not by themselves make the statutory presumption under Sections 118 and 139 of the Negotiable Instruments Act conclusive, because the presumption remained rebuttable. The complainant's case was weakened by inconsistencies on the loan date, execution of the supporting agreement, and completion of cheque particulars, while the attesting witness did not reliably prove the document's contents or execution. The absence of bank statements, income-tax returns, business accounts, or other credible proof of funds, coupled with an unsupported explanation of savings and gold sales, made the alleged loan transaction improbable. The court held that no legally enforceable debt or liability was proved and the acquittal was upheld. en-us Fri, 27 Jun 2025 00:00:00 +0530 Fri, 04 Jul 2025 08:38:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774140 Admitted cheque signatures did not by themselves make the statutory presumption under Sections 118 and 139 of the Negotiable Instruments Act conclusive, because the presumption remained rebuttable. The complainant's case was weakened by inconsistencies on the loan date, execution of the supporting agreement, and completion of cheque particulars, while the attesting witness did not reliably prove the document's contents or execution. The absence of bank statements, income-tax returns, business accounts, or other credible proof of funds, coupled with an unsupported explanation of savings and gold sales, made the alleged loan transaction improbable. The court held that no legally enforceable debt or liability was proved and the acquittal was upheld. Case-Laws Indian Laws Fri, 27 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774140