NI Act | Issuance of Cheque Presumes Legally Due Liability Unless Rebutted: Supreme Court Restores Trial Court’s Conviction

The case revolves around a financial dispute between Sri Sujies Benefit Funds Limited (the appellant) and Mr. M. Jaganathuan (the respondent), arising out of the dishonor of a cheque issued by the respondent. The respondent, who was a subscriber to the appellant’s chit-fund company, had borrowed multiple loans from the appellant over a period of

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