business ⚖️ Cheque bounce case: Bare denial isn't enough, says SC
The Supreme Court ruled that simply denying consideration isn't enough to defend against a cheque bounce case under Section 138 of the NI Act. Justice B V Nagarathna and Ujjal Bhuyan stated that the accused needs strong proof to overcome the statutory presumption. This decision came while reviewing Kuntegowda's appeal against a Karnataka High Court judgment from October 6, 2023. The court emphasized that if legal procedures are followed, criminal action must proceed. The SC found the accused's defense was too weak to overturn the original conviction. ⚖️