Legal Question in Investment Law in Pakistan

489-F PPC definition

who ever dishonestly issues a cheque towards

repayment of a loan or fulfilment of an obligation which is dishonoured on presentation,

shall be punished with imprisonment which may extend to three years or with fine, or with

both, unless he can establish, for which the burden of proof shall rest on him, that he had

made arrangements with his bank to ensure that the cheque would be honoured and that

the bank was at fault in not honouring the cheque.

now as u said it was business transaction but u failed to fulfilled the obligations.

case is against u?

u should take plea that it was just security cheque as agreement was not written. for some time complainant got the profit/ or remain business in loss first complainant threaten to withdrawal of his share then complaint in police with malafide intention. But u have to prove this plea in court .

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