https://www.taxtmi.com/caselaws?id=347530 The High Court overturned the Trial Court's acquittal of the respondents under Section 138 of the Negotiable Instruments Act. The court found the respondents' defenses regarding the stolen cheque and stop payment instructions lacked credibility and evidence. Emphasizing the statutory presumption of liability under Sections 118 and 139 of the NI Act, the High Court convicted the respondent, imposing a fine and potential imprisonment for non-payment. The court directed the fine amount to be released to the appellant as compensation, highlighting the importance of replying to statutory notices in such cases. en-us Mon, 04 Sep 2017 00:00:00 +0530 Tue, 05 Sep 2017 13:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347530 The High Court overturned the Trial Court's acquittal of the respondents under Section 138 of the Negotiable Instruments Act. The court found the respondents' defenses regarding the stolen cheque and stop payment instructions lacked credibility and evidence. Emphasizing the statutory presumption of liability under Sections 118 and 139 of the NI Act, the High Court convicted the respondent, imposing a fine and potential imprisonment for non-payment. The court directed the fine amount to be released to the appellant as compensation, highlighting the importance of replying to statutory notices in such cases. Case-Laws Indian Laws Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347530