https://www.taxtmi.com/caselaws?id=273694 The court upheld the conviction and sentence under Section 138 of the N.I. Act, rejecting the petitioner's argument that issuing a cheque for a time-barred debt should not fall under this section. The court found that drawing and delivering such a cheque constituted a valid promise under the Contract Act, making it enforceable. The court also modified the sentence, deeming the original default sentence excessive and adjusting the compensation amount, ultimately imposing imprisonment till rising of court along with revised terms. en-us Tue, 08 Aug 2006 00:00:00 +0530 Tue, 10 Jul 2018 14:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273694 The court upheld the conviction and sentence under Section 138 of the N.I. Act, rejecting the petitioner's argument that issuing a cheque for a time-barred debt should not fall under this section. The court found that drawing and delivering such a cheque constituted a valid promise under the Contract Act, making it enforceable. The court also modified the sentence, deeming the original default sentence excessive and adjusting the compensation amount, ultimately imposing imprisonment till rising of court along with revised terms. Case-Laws Indian Laws Tue, 08 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273694