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Accused convicted on dishonoring of cheque when he acknowledged debt and issued new cheque

March 22, 2019[2019] 105 taxmann.com 46 (SC)
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FEMA, BANKING & INSURANCE: Where accused could not deny his signature on cheques in question and acknowledged debt on a stamp paper which mentioned details of these cheques, it was to be presumed that said cheques were drawn for consideration and actually issued to holder of cheques; accused was to be convicted on dishonour of these cheques

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