Q: Describe the citation of Saj Properties Pvt. Ltd. vs Virender Dagar on 9 March, 2015 ?

Ans: 

Saj Properties Pvt. Ltd. vs Virender Dagar on 9 March, 2015

An accused has been able to rebut presumption under section 118 and Section 139 of NI Act and it was established by an accused that cheque had been issued as a security cheque in favour of complainant. The Delhi High Court held that  an averment of petitioner in complaint is bald and devoid of any particulars as to how legally recoverable debt had arisen and thus acquittal was upheld.
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