https://www.taxtmi.com/caselaws?id=795295 An admitted cheque triggers presumptions of consideration and legally enforceable liability under the Negotiable Instruments Act. A cash-loan breach of Section 269SS attracts penalty under Section 271D but does not itself invalidate the underlying transaction, render the debt unenforceable, or rebut those presumptions. The drawer must rebut the presumptions through a cogent, supported explanation; bare denial is insufficient, while evidence that the payee lacked lending capacity may assist. Where evidence on the complainant's financial capacity was not properly evaluated, remand for fresh consideration is justified, requiring the trial court to reconsider the complaint under the applicable presumptions and evidentiary burden. en-us Thu, 16 Jul 2026 00:00:00 +0530 Tue, 21 Jul 2026 08:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795295 An admitted cheque triggers presumptions of consideration and legally enforceable liability under the Negotiable Instruments Act. A cash-loan breach of Section 269SS attracts penalty under Section 271D but does not itself invalidate the underlying transaction, render the debt unenforceable, or rebut those presumptions. The drawer must rebut the presumptions through a cogent, supported explanation; bare denial is insufficient, while evidence that the payee lacked lending capacity may assist. Where evidence on the complainant's financial capacity was not properly evaluated, remand for fresh consideration is justified, requiring the trial court to reconsider the complaint under the applicable presumptions and evidentiary burden. Case-Laws Indian Laws Thu, 16 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795295