Cheque Bouncing case, Merely Raising Doubt Without Adducing Credible Evidence Not Sufficient To Rebut Presumption U/S 113 Of NI Act: Karnataka High Court

A recent judgment by the Karnataka High Court has highlighted the importance of the Negotiable Instruments Act (NI Act) in dealing with cheque bouncing cases. The case, CRIMINAL APPEAL NO. 508 OF 2015, involved Smt. Parvathamma.M (complainant) and Smt. Chandrakala.V (accused). Complainant Loans Money to Accused The complainant, Smt. Parvathamma.M, lent Rs. 4,50,000 to the accused, Smt. Chandrakala.V. As repayment for the loan, the accused issued a cheque to the…