Gave a Friendly Loan and the Cheque Bounced? Supreme Court’s New Rules on Section 138 NI Act (2025)
Does lending money in cash to a friend or relative, and later suffering a bounced cheque, put you at a disadvantage in court? No the Supreme Court has now made it explicit: once the accused admits signing the cheque, the law presumes it was issued to repay a real debt, cash or otherwise, and the
