Cheque cases to fake licences: Key court orders of the previous week

Among the top orders, the Supreme Court has reiterated that the Insolvency and Bankruptcy Code will prevail over the Income Tax Act and other statutes

Presumption of debt in cheque cases

According to the Negotiable Instruments Act, once a cheque has been signed and issued in favour of the holder, it is presumed that it was issued in discharge of a debt or liability. But if the cheque bounces for want of sufficient fund in the account, the person who signed it can escape consequences only if he can prove that it was not issued to fulfil some debt or liability but was for some other purpose like security for a loan. However, there was a difference of opinion on this point between the Madras High