https://www.taxtmi.com/caselaws?id=788299 Once the cheque signature was admitted, the statutory presumptions under Sections 118 and 139 of the Negotiable Instruments Act operated that the cheque was issued for consideration and in discharge of a legally enforceable debt or liability. The accused failed to rebut those presumptions through reply, evidence, or effective proof of the alleged defences of loss of cheque book, security cheque, or absence of funds. The court found the complainant's evidence on the financial capacity issue acceptable and held the acquittal under Section 138 unsustainable, restoring the conviction and sentence. en-us Wed, 25 Feb 2026 00:00:00 +0530 Thu, 19 Mar 2026 09:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788299 Once the cheque signature was admitted, the statutory presumptions under Sections 118 and 139 of the Negotiable Instruments Act operated that the cheque was issued for consideration and in discharge of a legally enforceable debt or liability. The accused failed to rebut those presumptions through reply, evidence, or effective proof of the alleged defences of loss of cheque book, security cheque, or absence of funds. The court found the complainant's evidence on the financial capacity issue acceptable and held the acquittal under Section 138 unsustainable, restoring the conviction and sentence. Case-Laws Indian Laws Wed, 25 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788299