Supreme Court upholds lower courts' rulings on cheque dishonour, siding with respondent's stock transaction defense over debt claim.

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....Dishonour of Cheque - The Supreme Court judgment in this case revolves around the dishonour of cheques allegedly issued by the respondent to the petitioner. The petitioner claimed the cheques were issued to discharge a debt, while the respondent argued they were related to stock market transactions. Both the First Appellate Court and the High Court found in favour of the respondent, noting the petitioner's failure to prove the existence of a debt and the respondent's successful rebuttal of the presumption under Sections 118 and 139 of the Negotiable Instruments Act. The Supreme Court, after reviewing the evidence and legal arguments, upheld these findings and dismissed the petitions.....