https://www.taxtmi.com/caselaws?id=369752 The appellate court overturned the trial court's acquittal of the accused in a case involving dishonored cheques issued to repay a loan. The court found that the accused failed to rebut the statutory presumption under Section 139 of the NI Act that the cheques were issued for a debt. The appellate court convicted the accused under Section 138 of the NI Act, ordering payment of the cheque amount and additional compensation. If payment was not made within eight weeks, the trial court was authorized to enforce the judgment. en-us Mon, 29 Oct 2018 00:00:00 +0530 Fri, 02 Nov 2018 13:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369752 The appellate court overturned the trial court's acquittal of the accused in a case involving dishonored cheques issued to repay a loan. The court found that the accused failed to rebut the statutory presumption under Section 139 of the NI Act that the cheques were issued for a debt. The appellate court convicted the accused under Section 138 of the NI Act, ordering payment of the cheque amount and additional compensation. If payment was not made within eight weeks, the trial court was authorized to enforce the judgment. Case-Laws Indian Laws Mon, 29 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369752