https://www.taxtmi.com/caselaws?id=775381 The HC set aside the Sessions Court's acquittal of the accused in a Section 138 NI Act case involving dishonour of cheque due to insufficient funds. The court held that the complainant successfully established the presumption under Section 139 NI Act by proving execution and possession of the cheque. The accused failed to rebut this presumption with credible evidence, merely claiming the cheque was security for a chitty transaction without substantiation. Consequently, the presumption in favour of the complainant remained intact, rendering the accused liable for the offence under Section 138 NI Act. The appeal was allowed, overturning the acquittal. en-us Mon, 14 Jul 2025 00:00:00 +0530 Fri, 25 Jul 2025 08:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775381 The HC set aside the Sessions Court's acquittal of the accused in a Section 138 NI Act case involving dishonour of cheque due to insufficient funds. The court held that the complainant successfully established the presumption under Section 139 NI Act by proving execution and possession of the cheque. The accused failed to rebut this presumption with credible evidence, merely claiming the cheque was security for a chitty transaction without substantiation. Consequently, the presumption in favour of the complainant remained intact, rendering the accused liable for the offence under Section 138 NI Act. The appeal was allowed, overturning the acquittal. Case-Laws Indian Laws Mon, 14 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775381