https://www.taxtmi.com/caselaws?id=794087 A dishonoured cheque issued in a loan transaction attracted Section 138 NI Act because the loan, cheque issuance, and signatures were admitted, and the accused failed to rebut the presumptions under Sections 118 and 139 by showing a probable defence or absence of legally enforceable liability. The cheque being described as security did not avoid liability where the underlying debt subsisted and the cheque was presented on maturity. Revisional interference was also declined because revisional jurisdiction is confined to correcting illegality, jurisdictional error, or gross miscarriage of justice, and no such defect was shown in the concurrent findings of conviction and sentence. en-us Tue, 12 May 2026 00:00:00 +0530 Tue, 30 Jun 2026 07:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794087 A dishonoured cheque issued in a loan transaction attracted Section 138 NI Act because the loan, cheque issuance, and signatures were admitted, and the accused failed to rebut the presumptions under Sections 118 and 139 by showing a probable defence or absence of legally enforceable liability. The cheque being described as security did not avoid liability where the underlying debt subsisted and the cheque was presented on maturity. Revisional interference was also declined because revisional jurisdiction is confined to correcting illegality, jurisdictional error, or gross miscarriage of justice, and no such defect was shown in the concurrent findings of conviction and sentence. Case-Laws Indian Laws Tue, 12 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794087