https://www.taxtmi.com/caselaws?id=794193 In a prosecution under Section 138 of the Negotiable Instruments Act, the statutory presumption under Section 139 remained rebuttable and was displaced on a preponderance of probabilities where the complainant failed to prove a legally enforceable debt. The court found the loan evidence deficient because no contemporaneous financial records, receipts, or reliable particulars of disbursement were produced, while the defence offered a probable explanation that the cheque was blank and signed. Applying the limited appellate standard in acquittal matters, interference was declined because the trial court's view was plausible and not perverse. The acquittal was therefore upheld and the criminal appeal dismissed. en-us Mon, 29 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794193 In a prosecution under Section 138 of the Negotiable Instruments Act, the statutory presumption under Section 139 remained rebuttable and was displaced on a preponderance of probabilities where the complainant failed to prove a legally enforceable debt. The court found the loan evidence deficient because no contemporaneous financial records, receipts, or reliable particulars of disbursement were produced, while the defence offered a probable explanation that the cheque was blank and signed. Applying the limited appellate standard in acquittal matters, interference was declined because the trial court's view was plausible and not perverse. The acquittal was therefore upheld and the criminal appeal dismissed. Case-Laws Indian Laws Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794193