https://www.taxtmi.com/caselaws?id=392931 The appeal was allowed, acquittal set aside, and the respondent convicted under Section 138 of the Negotiable Instruments Act, 1881. The respondent was ordered to pay a fine of Rs. 38,000 and 6% interest per annum on the principal amount. The court emphasized that jail detention does not discharge liability and highlighted payment as the sole satisfaction. Failure to pay within fifteen days would accrue further interest. en-us Thu, 27 Feb 2020 00:00:00 +0530 Tue, 03 Mar 2020 10:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392931 The appeal was allowed, acquittal set aside, and the respondent convicted under Section 138 of the Negotiable Instruments Act, 1881. The respondent was ordered to pay a fine of Rs. 38,000 and 6% interest per annum on the principal amount. The court emphasized that jail detention does not discharge liability and highlighted payment as the sole satisfaction. Failure to pay within fifteen days would accrue further interest. Case-Laws Indian Laws Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392931