https://www.taxtmi.com/caselaws?id=367106 The High Court reversed the Trial Court's decision and convicted the respondent under Section 138 of the NI Act. The court emphasized the presumption of debt under Section 139, the establishment of the source of funds, and the respondent's admission of liability through a text message and a signed cheque. The Trial Court's acquittal was set aside due to contradictions in evidence and the failure to consider the respondent's admissions, leading to the conviction of the respondent. en-us Wed, 12 Sep 2018 00:00:00 +0530 Sat, 15 Sep 2018 07:38:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367106 The High Court reversed the Trial Court's decision and convicted the respondent under Section 138 of the NI Act. The court emphasized the presumption of debt under Section 139, the establishment of the source of funds, and the respondent's admission of liability through a text message and a signed cheque. The Trial Court's acquittal was set aside due to contradictions in evidence and the failure to consider the respondent's admissions, leading to the conviction of the respondent. Case-Laws Indian Laws Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367106