https://www.taxtmi.com/caselaws?id=339319 The appellate court upheld the conviction and sentence under Sec.138 of the Negotiable Instruments Act, modifying the sentence to imprisonment till rising of the court and maintaining a compensation amount of &8377; 2.4 lakhs. The courts found the evidence credible, with the petitioner failing to rebut the presumption under Sec.139 of the Act. The judgment emphasized the sufficiency of evidence, compliance with statutory formalities, and the petitioner's inaction, leading to the dismissal of the revision petition. The lower courts' decisions were affirmed, concluding that the conviction and sentence were justified. en-us Fri, 27 Jan 2017 00:00:00 +0530 Fri, 24 Feb 2017 13:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339319 The appellate court upheld the conviction and sentence under Sec.138 of the Negotiable Instruments Act, modifying the sentence to imprisonment till rising of the court and maintaining a compensation amount of &8377; 2.4 lakhs. The courts found the evidence credible, with the petitioner failing to rebut the presumption under Sec.139 of the Act. The judgment emphasized the sufficiency of evidence, compliance with statutory formalities, and the petitioner's inaction, leading to the dismissal of the revision petition. The lower courts' decisions were affirmed, concluding that the conviction and sentence were justified. Case-Laws Indian Laws Fri, 27 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339319