Presumption under Section 139 is rebutted by probable blank-cheque defence when the alleged loan remains unproved.

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....Absence of a money-lending licence does not by itself defeat a cheque-dishonour prosecution, but the complainant must still prove the foundational loan transaction once consideration is put in issue. On the facts discussed, the complainant could not give the particulars of the alleged loan, the date of disbursement, or the agreed interest, and produced no contemporaneous record of funds movement. The defence that signed blank cheques were issued in an existing professional and business relationship was treated as probable and sufficient to rebut the Section 139 presumption on a preponderance of probabilities. The trial court's view that no legally enforceable debt was proved was held to be a plausible one, so appellate interference with the acquittal was not warranted.....