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Indian Laws - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Dishonor of Cheque - A presumption arises from the act of ...


Cheque Issuance Presumes Debt Discharge; Issuer Must Rebut u/s 139 of Negotiable Instruments Act.

February 1, 2019

Case Laws     Indian Laws     HC

Dishonor of Cheque - A presumption arises from the act of issuance of cheque that it was “for the discharge in whole or in part, of” a debt or other liability and in terms of Section 139 NI Act, onus to prove facts to the contrary so as to rebut the said presumption would be of the petitioners.

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