HIGH COURT OF GUJARAT
SVP
GUJARAT STATE COOPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK LTD THRO DEPUTY GENERAL MANAGER – Appellant
Versus
STATE OF GUJARAT – Respondent
ORDER :
(S. V. PINTO, J.)
1. The present application is filed by the applicant – original complainant under Section 419(3) of Bharatiya Nagarik Surakhsha Sanhita, 2023 seeking leave to file an appeal against the judgement and order dated 07.10.2024 passed by the learned 3rd Chief Judicial Magistrate, Junagadh (hereinafter referred to as the “learned Trial Court”) in Criminal Case No. 2972/2019, whereby, the learned Trial Court was pleased to acquit the accused from the offence under Section 138 of Negotiable Instrument Act, 1881 (hereinafter referred to “the NI Act” for short).
2. Learned advocate Mr. Amit Joshi for the applicant submits that the applicant – State Cooperative Agriculture And Rural Development Bank Ltd. had given a loan to the respondent no. 2 towards the outstanding amount. The respondent no. 2 has issued cheque no. 929734 dated 21.05.2019 for Rs. 76,575/- from his account with Saurashtra Gramin Bank, Ajotha Branch. The cheque was deposited by the applicant in his bank and the same returned unpaid with the endorsement “Funds Insufficient”. The demand statutory notice was sent by RPAD which was duly served but no reply was given and hence, the applicant filed the compl
The court emphasized the necessity for proper evaluation of evidence in cases involving acquittal under the Negotiable Instrument Act.
The court found that the Trial Court misapprehended the limitation issue regarding the debt, which was within the legally enforceable period, warranting the granting of leave to appeal.
The court emphasized the necessity for proper appreciation of evidence and documents in cases involving cheque dishonor under Section 138 of the NI Act.
The trial court's failure to properly appreciate evidence warrants reconsideration of the acquittal under Section 138 of the NI Act.
The court emphasized the necessity for the Trial Court to properly appreciate all evidence and documents, leading to the granting of leave to appeal against acquittal under Section 378(4) of the Code....
The interpretation of Section 56 of the Negotiable Instrument Act must be correctly applied to determine the enforceability of a cheque, especially in light of prior payments.
The court emphasized the necessity for proper appreciation of evidence in business transactions under the Negotiable Instrument Act, leading to the granting of leave to appeal against acquittal.
The statutory presumption under Section 139 of the Negotiable Instruments Act must be applied in favor of the holder in due course unless effectively rebutted by the accused.
The presumption under Section 139 of the Negotiable Instruments Act must be drawn in favor of the holder unless rebutted, and misinterpretation of evidence by the Trial Court can lead to a successful....
The trial court's acquittal was unjustified due to improper appreciation of evidence and failure to challenge party involvement, warranting leave to appeal.
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