Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2011 (4) TMI 1523

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the notes of evidence and the impugned judgment and order. It was the case of dishonour of two cheques for ₹ 2,00,000/- and ₹ 1,00,000/- allegedly given by the accused for repayment of the loan amounts advanced @ 2 % per month. It was also alleged that the promissory notes were executed in favour of the complainant by the accused in respect of the said debts. 2 . The learned trial .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... forming a view in a criminal case even the evidence led by the complainant or prosecution is sufficient and the accused is not expected to prove anything except bringing on record material suggesting existence of a view based on preponderance of probabilities pertinently the complainant averred that he is an agriculturist and yet, he happens to reside in urban area like Ghatkopar, Mumbai and conti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . 5. It is pertinent to note that the transactions of such huge amounts were in cash and promissory notes stipulating interest were got executed. No money lending licence has been produced before the trial Court. In light of the above facts, the trial Court is justified in holding the view that the debt in question is not legally enforceable debt as per the provisions of Bombay Money Lenders Ac .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates