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Hiten P. Dalal vs Bratindranath Banerjee on 11 July, 2001

9. It is a settled legal position that under the scheme of Negotiable Instruments Act, a statutory presumption has been created in favour of the holder of the negotiable instrument in due course Section 139 stipulates that the court shall presume liability of the drawer of the cheque for the amount for which the charge is drawn & Section 118 envisages that unless the contrary is proved, it shall be presumed that the negotiable instrument including a cheque has been drawn for consideration. [Ref : 2001 V AD(SD) 260 Hiten P. Dalal Vs. Bratindranath Banerjee].
Supreme Court of India Cites 18 - Cited by 3807 - R Pal - Full Document
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