Section 138 NI Act | Friendly Loan Cheque Bounce Ends in Conviction; Dwarka Court Examines Presumption of Liability: Dwarka Courts, Delhi

The case was filed by complainant Shashi Bhushan, who alleged that accused Mayank Sharma had taken a friendly loan of Rs. 1,25,000 for personal needs. According to the complainant, the accused assured repayment within two months and issued post-dated cheques as security and for discharge of liability. When the cheques were presented for encashment, they were dishonoured, leading to the filing of a criminal complaint under Section 138 Negotiable Instruments…