[Section 138 NI Act cases] Complainant not required to show nature of transaction or source of fund due to Section 139 presumption: Supreme Court

The Supreme Court recently held that in a cheque-bounce case under Section 138 of the Negotiable Instruments Act (NI Act), the complainant is not required to spell out in the complaint, the nature of transaction or source of fund since the onus is on the accused to prove that the cheque was issued not towards a debt or liability [P Rasiya vs Abdul Nazer and anr].