https://www.taxtmi.com/highlights?id=90115 The HC dismissed an appeal in a cheque dishonour case under Section 139 N.I. Act. Despite admitted cheque issuance by Respondent No.3, the court found the complainant's loan transaction claim lacked credibility. Key inconsistencies included: discrepancies between alleged loan date (June/July 2014) and pronote execution date (07.11.2014); contradictory testimony regarding who filled cheque details; imprudent expectation of Rs.12,00,000 business expansion loan repayment within one month; and illogical monthly interest clause for allegedly one-month loan. The court applied prudent man standard, concluding the entire transaction was suspicious and unreasonable. The Metropolitan Magistrate's acquittal was upheld, with the HC finding no merit in the appeal and dismissing it entirely. en-us Fri, 04 Jul 2025 08:38:42 +0530 Fri, 04 Jul 2025 08:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=90115 The HC dismissed an appeal in a cheque dishonour case under Section 139 N.I. Act. Despite admitted cheque issuance by Respondent No.3, the court found the complainant's loan transaction claim lacked credibility. Key inconsistencies included: discrepancies between alleged loan date (June/July 2014) and pronote execution date (07.11.2014); contradictory testimony regarding who filled cheque details; imprudent expectation of Rs.12,00,000 business expansion loan repayment within one month; and illogical monthly interest clause for allegedly one-month loan. The court applied prudent man standard, concluding the entire transaction was suspicious and unreasonable. The Metropolitan Magistrate's acquittal was upheld, with the HC finding no merit in the appeal and dismissing it entirely. Highlights Indian Laws Fri, 04 Jul 2025 08:38:42 +0530 https://www.taxtmi.com/highlights?id=90115