S.139 NI Act Presumption Isn’t Automatic; Complainant Must First Prove Debt Exists: Manipur HC

The High Court of Manipur, in a significant ruling on the Negotiable Instruments Act, 1881, has held that the statutory presumption that a cheque was issued for a debt or liability under Section 139 cannot be invoked unless the complainant first establishes the existence of a legally recoverable debt. Upholding the acquittal of an accused

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