https://www.taxtmi.com/caselaws?id=285409 The High Court overturned the Trial Court's acquittal and convicted the accused under Section 138 of the Negotiable Instruments Act for dishonored cheques related to a time-barred debt. The Court emphasized the moral obligation to repay debts, even if time-barred, and held that the accused's dishonored cheques constituted an agreement to pay the debt, making him liable under the Act. The accused was sentenced to pay a specified amount with a provision for imprisonment if the fine is not paid, and ordered to compensate the complainant upon fine recovery, affirming the complainant's right to seek redress under the Act. en-us Wed, 11 Oct 2006 00:00:00 +0530 Fri, 10 Jan 2020 17:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285409 The High Court overturned the Trial Court's acquittal and convicted the accused under Section 138 of the Negotiable Instruments Act for dishonored cheques related to a time-barred debt. The Court emphasized the moral obligation to repay debts, even if time-barred, and held that the accused's dishonored cheques constituted an agreement to pay the debt, making him liable under the Act. The accused was sentenced to pay a specified amount with a provision for imprisonment if the fine is not paid, and ordered to compensate the complainant upon fine recovery, affirming the complainant's right to seek redress under the Act. Case-Laws Indian Laws Wed, 11 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285409