1 Appln 107-2011 Anand IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.107 OF 2011 Shyamlal C. Teckchandani .Applicant V/s. Smt.Vimla R. Gupta & anr. .Respondents Mr.Sunil More, Advocate, for the Applicant Mr.S.H.Mishra, Advocate, for Respondent No.1 Mrs.U.V.Kejariwal, APP, for Respondent No.2 - State CORAM : R.C.CHAVAN, J. DATE : 25TH JULY, 2011 P.C. . Heard the learned Counsel for the respective parties. 2. This is an application for leave to file an Appeal against acquittal of the respondent recorded by the Metropolitan Magistrate, 21 st Court, Bandra. The learned Magistrate first held that there was no presumption that dues mentioned in the cheque were legally enforceable liabilities which is contrary to the law laid down in the Judgment 2 Appln 107-2011 in Rangappa v. Mohan, reported at 2010 CRI.L.J.2871. As far as requirement to have money Lending License before advancing money on cheque is concerned, the provisions of Section 2(g) of the Bombay Money Lenders Act themselves rule out any requirement to obtain any license, since a loan against negotiable instruments is not considered to be loan for the money lending act. Therefore, no license is required. Leave granted. 3. Admit. 4. Call for R & P. 5. Action under Section 390. (R.C.CHAVAN, J.)