https://www.taxtmi.com/caselaws?id=381741 The High Court affirmed the petitioner's conviction under Section 138 of the NI Act, upholding the one-month simple imprisonment sentence and converting the compensation amount to a fine of Rs. 3,70,000. The court found the petitioner failed to rebut the presumption under Section 139 of the Act, supporting the complainant's claim. The ownership transfer process of the vehicle and partial payment by the petitioner established his legal liability, leading to the decision in favor of the complainant. The judgment emphasized a fair evaluation of evidence and legal principles, ensuring a just outcome. en-us Wed, 12 Jun 2019 00:00:00 +0530 Tue, 18 Jun 2019 05:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381741 The High Court affirmed the petitioner's conviction under Section 138 of the NI Act, upholding the one-month simple imprisonment sentence and converting the compensation amount to a fine of Rs. 3,70,000. The court found the petitioner failed to rebut the presumption under Section 139 of the Act, supporting the complainant's claim. The ownership transfer process of the vehicle and partial payment by the petitioner established his legal liability, leading to the decision in favor of the complainant. The judgment emphasized a fair evaluation of evidence and legal principles, ensuring a just outcome. Case-Laws Indian Laws Wed, 12 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381741