https://www.taxtmi.com/caselaws?id=368137 The appellate court convicted the 3rd accused in a case involving dishonored cheques issued by the accused company, sentencing him to six months of Simple Imprisonment for each case, with concurrent sentences. The accused were also fined and ordered to pay compensation to the complainant. The court held that the presumptions under Sections 118 and 139 of the N.I. Act were not rebutted by the accused, emphasizing their failure to provide evidence to disprove the complainant's case. The court clarified that the company's winding up and the death of the Managing Director did not absolve it of liability under the N.I. Act. en-us Fri, 14 Sep 2018 00:00:00 +0530 Wed, 03 Oct 2018 08:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368137 The appellate court convicted the 3rd accused in a case involving dishonored cheques issued by the accused company, sentencing him to six months of Simple Imprisonment for each case, with concurrent sentences. The accused were also fined and ordered to pay compensation to the complainant. The court held that the presumptions under Sections 118 and 139 of the N.I. Act were not rebutted by the accused, emphasizing their failure to provide evidence to disprove the complainant's case. The court clarified that the company's winding up and the death of the Managing Director did not absolve it of liability under the N.I. Act. Case-Laws Indian Laws Fri, 14 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368137