High Court of Bombay at Aurangabad Allows Appeal in Negotiable Instruments Act Case — Reverses Acquittal for Dishonour of Cheque Due to Incorrect Application of Presumptions Under Sections 118 and 139 of the N.I. Act. The court held that once the issuance of cheque and signature are admitted, the presumption of legally enforceable debt arises, and the accused failed to rebut it.
30 Aug 2023The appellant, Satish Vasantrao Deshmukh, was the original complainant in a case under Section 138 of the Negotiable Instruments Act, 1881 (N.I. Act) ...
