Crl.A. No. 003369 / 2024
SRI SUJIES BENEFIT FUNDS LIMITED vs M. JAGANATHUAN
Status
DISPOSED
Judges
HON'BLE MR. JUSTICE SUDHANSHU DHULIA and HON'BLE MR. JUSTICE AHSANUDDIN AMANULLAH
Order Date
13-08-2024
Citation
2024 INSC 602
Filed On
01-04-2022 12:00 AM
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AI Summary
Under Section 138 of the Negotiable Instruments Act, 1881, once issuance of a cheque is admitted or established, a statutory presumption arises in favour of the payee, which the accused must rebut; a mere discrepancy in the rate of interest charged is insufficient to displace this presumption or establish that the cheque amount was not a legally enforceable liability.