The High Court at Calcutta has dismissed a criminal revisional application challenging a conviction under Section 138 of the Negotiable Instruments Act, 1881. The Court affirmed the findings of the lower courts, ruling that the accused failed to rebut the statutory presumption of legal liability with cogent evidence and that the defense of the cheque
Section 138 NI Act | Borrower Must Prove Cheque was for Security with Cogent Evidence; Mere Denial of Liability Fails: Calcutta HC
