Section 139: Presumption in favour of holder

The Negotiable Instruments Act, 1881

1[Chapter- XVII Of Penalties in case of Dishonour of certain Cheques for insufficiency of funds in the Accounts 

Section 139: Presumption in favour of holder.

139. It shall be presumed, unless the contrary is proved, that the holder of a cheque received the cheque of the nature referred to in section 138 for the discharge, in whole or in part, of any debt or other liability.


Reference

1. Ins. by Act 66 of 1988, s, 4 (w.e.f. 1-4-1989).

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