HIGH COURT OF GUJARAT
SVP
GUJARAT STATE CO OP. AGRICULTURE AND RURAL DEVELOPMENT BANK LTD THRO RATANSINH CHANDANSINH VAGHELA – 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(4) of Bharatiya Nagarik Surakhsha Sanhita, 2023 seeking leave to file an appeal against the judgement and order dated 05.10.2024 passed by the learned Additional Judicial Magistrate First Class, Surendranagar (hereinafter referred to as the “learned Trial Court”) in Criminal Case No. 1961/2018, 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 – Gujarat State Cooperative Agriculture and Rural Development Bank Ltd., Surendranagar has given a loan to the respondent no. 2 on 01.11.2011 for Rs. 2 lakhs and all the necessary documents were executed by the respondent no. 2. The duration of the loan was for a period of nine years and as the installments were not paid regularly, an amount of Rs. 4,08,714/- was due towards which cheque no. 167576 dated 20.07.2018 was issued from the account of the respondent no. 2 with the Surendranagar District Cooperative Bank
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 evaluation of evidence in cases involving acquittal under the Negotiable Instrument 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 proper appreciation of evidence and documents in cases involving cheque dishonor under Section 138 of the NI Act.
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 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....
Differing evaluations of evidence by trial and appellate courts necessitate a review, justifying the granting of leave to appeal.
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 dismissal of a cheque dishonor case due to non-prosecution was erroneous as it failed to appreciate the evidence, warranting leave to appeal.
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