Dishonor of Cheque - legally enforceable debt or not - In the ...

Indian Laws

December 22, 2021

Dishonor of Cheque - legally enforceable debt or not - In the absence of any rebuttal proof the initial presumption that was taken in favour of the respondent will become the conclusive proof. Since it is not proved by the petitioner that the cheque in question has been issued by way of security, the Courts below held that the petitioner has issued the cheque only for a legally enforceable debt and he is guilty for the offence under Section 138 of Negotiable Instruments Act. - HC

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Dishonor of Cheque - legally enforceable debt or not - In the ...

Indian Laws

December 22, 2021

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