Vulcan Leasing and Investments Ltd. v. U.v.Mallya
Case brief
What is this about?
A single judge of the Karnataka High Court dismissed two appeals against acquittal and an application for additional documents. The court held the trial court correctly discharged the burden on the complainant after the accused successfully rebutted the presumption of debt under Section 139 NI Act via documentary evidence, as the complainant produced no loan documents despite opportunity.
What did the court decide?
Criminal Appeal Nos. 970/2013 and 971/2013 are dismissed. Inquiries Application No. 1/2014 is dismissed.