Presumption Under Section 139 NI Act Exists Even If Cheque Issued to NBFC Charging Interest Beyond Money Lenders Act: Kerala High Court
The Kerala High Court on 08 August 2025, in Crl.R.P. No. 1530 of 2018, upheld the conviction of Abdulla P, a 48-year-old resident of Vaniyambalam, Malappuram, under Section 138 of the Negotiable Instruments Act, 1881, for issuing a dishonoured cheque towards repayment of a defaulted vehicle loan. The verdict came from Justice M.B. Snehalatha, who dismissed the criminal revision petition filed by the accused. Facts and sequence of events The…
