https://www.taxtmi.com/caselaws?id=194185 Devender Kumar Singla was convicted of cheating under Section 420 IPC by the High Court and the Supreme Court upheld this conviction, reducing his sentence to three months of imprisonment. Mala Singla was acquitted as her involvement in the fraudulent transaction was not sufficiently proven. The courts found that wrongful gain and loss were established, the transaction date was valid, and the evidentiary value of the receipt and delivery of shares supported the conviction. The stoppage of payment before the transaction date was deemed suspicious, leading to Devender's conviction and reduced sentence. en-us Tue, 17 Feb 2004 00:00:00 +0530 Thu, 31 Aug 2017 13:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194185 Devender Kumar Singla was convicted of cheating under Section 420 IPC by the High Court and the Supreme Court upheld this conviction, reducing his sentence to three months of imprisonment. Mala Singla was acquitted as her involvement in the fraudulent transaction was not sufficiently proven. The courts found that wrongful gain and loss were established, the transaction date was valid, and the evidentiary value of the receipt and delivery of shares supported the conviction. The stoppage of payment before the transaction date was deemed suspicious, leading to Devender's conviction and reduced sentence. Case-Laws Indian Laws Tue, 17 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194185