The offence u/s 138 of the NI Act though technical, is punitive ...
Case Laws Indian Laws
April 10, 2017
The offence u/s 138 of the NI Act though technical, is punitive in nature. Hence, once the accused had rebutted the initial presumption it was imperative upon the complainant to prove beyond reasonable doubt that the cheques were issued towards the existing debt or liability - HC
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