Section 138 NI Act | Presumption of Liability Rebutted Where Complainant Fails to Prove Exact Debt: Kerala High Court

The High Court of Kerala has dismissed a criminal appeal filed by Sree Gokulam Chit and Finance Co. (P) Ltd., upholding the acquittal of an accused in a cheque dishonour case. The Court ruled that the complainant failed to prove that the cheque was issued in discharge of a legally enforceable debt, noting significant gaps

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