Goa Plast (P) Ltd vs Chico Ursula D'Souza

The Supreme Court held that under Section 138 of the Negotiable Instruments Act, the mere issuance of a cheque creates a presumption of liability, which the accused must rebut with evidence, not mere statements. The Court found that the acquittal by the lower courts was justified as the appellant failed to prove the respondent's liability, and the respondent did not provide sufficient evidence to rebut the presumption. Consequently, the appeal was dismissed, affirming the lower court's decision.