https://www.taxtmi.com/caselaws?id=336312 Where cheques were issued towards repayment, funds and liability were admitted, and demand notice was received, the Delhi HC upheld conviction under the Negotiable Instruments Act. A defence based on a share purchase agreement and alleged investment arrangement failed because it was unsupported by proof and was not shown to have been acted upon. The Court also upheld enhancement of sentence, noting the revisionist's admission of liability and repeated delay in the proceedings, and found no exceptional ground to interfere. Both revision petitions were dismissed and the conviction and enhanced sentence remained undisturbed. en-us Fri, 09 Dec 2016 00:00:00 +0530 Tue, 20 Dec 2016 06:59:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336312 Where cheques were issued towards repayment, funds and liability were admitted, and demand notice was received, the Delhi HC upheld conviction under the Negotiable Instruments Act. A defence based on a share purchase agreement and alleged investment arrangement failed because it was unsupported by proof and was not shown to have been acted upon. The Court also upheld enhancement of sentence, noting the revisionist's admission of liability and repeated delay in the proceedings, and found no exceptional ground to interfere. Both revision petitions were dismissed and the conviction and enhanced sentence remained undisturbed. Case-Laws Indian Laws Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336312