M/S. Sag Projects Pvt. Ltd. And Another vs M/S. Siddhartha Engineering Pvt. Ltd on 30 July, 2026

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    13. However, the High Court, in its jurisdiction Under Section
    482, proceeded to test whether the cheque was issued for the
    discharge, in whole or in part, of any debt or other liability. In
    our view, such an exercise was unwarranted because, Under
    Section 139 of the N.I. Act, there is a presumption that the
    holder of a cheque received the cheque of the nature referred to
    in Section 138 for the discharge, in whole or in part, of any debt
    or other liability. This presumption can be rebutted by evidence
    led in trial. A fortiori, the said issue can appropriately be
    decided either at the trial, or later, upon conclusion of trial, by
    the appellate/ revisional court.

    14. In Maruti Udyog Ltd. v. Narender and Ors.

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