Presumption under Section 139 NI Act Cannot Be Rebutted by Mere Denials: Delhi HC Sets Aside Acquittal in Cheque Bounce Case

The case revolves around a cheque bounce matter under Section 138 of the Negotiable Instruments Act, 1888 (NI Act). Amit Jain, the appellant, had extended a friendly loan of ₹3,60,000 to his friend Sanjeev Kumar Singh, who is the Director of M/s Naina Packing Private Limited. The loan was agreed to be repaid by April

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