Presumption of Debt for Dishonored Cheques u/s 118: Holder Benefits in Legal Proceedings.

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Full Text of the Document

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....Dishonor of Cheque - Section 118 provides for presumptions as to negotiable instruments. The complainant being holder of cheque and the signature appended on the cheque having not been denied by the Bank, presumption shall be drawn that cheque was issued for the discharge of any debt or other liability.....