In Brief
KBS Global Ltd., a company, filed cheque dishonour complaints against Surinder Kumar Verma under Section 138 of the Negotiable Instruments Act, alleging he issued dishonoured cheques as a guarantor for his daughter's loan. The trial court acquitted him. In this appeal for leave to appeal, the High Court dismissed the applications, holding that the complainant failed to establish the underlying loan transaction with essential particulars (dates, names, purpose) or supporting documents (account books, receipts). The defence evidence rebutted the statutory presumption by proving an FIR against the complainant for fabrication. The trial court's acquittal was legally sound and required no interference."
The lawyer headnote and full judgment text are available to registered users.