https://www.taxtmi.com/caselaws?id=794088 Cheque dishonour under Section 138 NI Act was upheld where the cheque and signatures were admitted, the loan transaction and default were not denied, and the complainant proved presentation, dishonour, statutory notice and non-payment. The presumptions under Sections 118 and 139 operated in favour of the holder, and the accused failed to rebut them on a preponderance of probabilities. A cheque issued as security can still attract Section 138 when the underlying liability remains unpaid. Revisional jurisdiction was found too narrow for re-appreciation of evidence absent perversity or miscarriage of justice, so conviction and sentence were sustained. en-us Thu, 21 May 2026 00:00:00 +0530 Tue, 30 Jun 2026 07:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794088 Cheque dishonour under Section 138 NI Act was upheld where the cheque and signatures were admitted, the loan transaction and default were not denied, and the complainant proved presentation, dishonour, statutory notice and non-payment. The presumptions under Sections 118 and 139 operated in favour of the holder, and the accused failed to rebut them on a preponderance of probabilities. A cheque issued as security can still attract Section 138 when the underlying liability remains unpaid. Revisional jurisdiction was found too narrow for re-appreciation of evidence absent perversity or miscarriage of justice, so conviction and sentence were sustained. Case-Laws Indian Laws Thu, 21 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794088