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2016 (3) TMI 762 - SC - Indian LawsCheque bounce case - offence punishable under section 138 and 142 of the Negotiable Instruments Act, 1881 - Held that:- section 118(g) contains a mandate that until the contrary is proved the holder of a negotiable instrument shall be presumed to be a holder in due course. Thus, there is no escape for the court from drawing such presumption - Whatever defence has been taken by the accused respondents as pointed out by the learned counsel appearing for the respondents before us, cannot be a ground for quashing a criminal prosecution.
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