Presumption of Debt: Supreme Court Rules in Favor of Blank Cheque Validity
In a recent ruling, the Supreme Court upheld the presumption that a blank cheque, voluntarily signed and handed over by the drawer for payment, is issued in discharge of a legally enforceable debt, as outlined in Section 139 of the Negotiable Instruments Act. Citing the precedent set in the case of Bir Singh v. Mukesh …
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