The Calcutta High Court has upheld the conviction of a construction company and its directors in a proceeding under Section 138 of the Negotiable Instruments Act, 1881, ruling that a mere “bald allegation” of coercion, unsupported by corroborative evidence, is insufficient to displace the statutory presumption of debt or liability. In the judgment delivered on
‘Bald Allegation’ of Coercion Without Corroborative Evidence Insufficient to Rebut Presumption Under Section 138 NI Act: Calcutta High Court
