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Tedhi Singh vs Narayan Dass Mahant on 7 March, 2022

"29. Furthermore, the fact that the accused has failed to reply to the statutory notice under Section 138 of the NI Act leads to an inference that there is merit in the Appellant-Complainant's version. This Court in Tedhi Singh vs. Narayan Dass Mahant, (2022) 6 SCC 735 has held that the accused has the initial burden to set up the defence in his reply to the demand notice that the complainant did not have the financial capacity to advance the loan. The relevant portion of the said judgment is reproduced here in below:-
Supreme Court of India Cites 8 - Cited by 247 - K Joseph - Full Document
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