Blank Cheque, Signed & Handed over voluntarily attracts presumption U/s. 139 of NI Act

M/s. Kalamani Tex & Anr Vs P. Balasubramanian (Supreme Court of India) Section 118 and Section 139 of Negotiable Instruments Act mandates that once the signature(s) of an accused on the cheque/negotiable instrument are established, then these ‘reverse onus’ clauses become operative. In such a situation, the obligation shifts upon the accused to discharge the presumption imposed upon him. FULL TEXT OF THE SUPREME COURT JUDGMENT Leave Granted. 2. M/s. Kalamani Tex (Appellant No.1) and its managing partner– B. Subramanian (Appellant No.2) are in appeal challenging the judgment dated 09....