A division bench of Justices BR Gavai and MM Sundresh was of the view that the standard proof to rebut the presumption under section 139 of NI Act is that of preponderance of probabilities.
The Supreme Court agreed to hear a plea on the issue of whether directors of a company can be held liable for dishonouring a cheque without making the company a party to the proceedings.
The Delhi High Court on Tuesday appointed five retired judicial officers as presiding officers of the Special Courts dealing with cheque bounce cases under the Negotiable Instruments Act, 1881.
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