https://www.taxtmi.com/caselaws?id=393102 The High Court allowed the appeal against the respondent's acquittal under Section 138 of the Negotiable Instruments Act. The court convicted the respondent based on the dishonored check for loan repayment, imposing a fine of Rs. 2,40,000. Emphasizing the legal presumption under the Act and the evidence presented by the appellant, the court directed the trial court to ensure the fine payment, clarifying that jail detention was for recovery purposes, not satisfaction of liability. en-us Thu, 27 Feb 2020 00:00:00 +0530 Fri, 06 Mar 2020 11:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393102 The High Court allowed the appeal against the respondent's acquittal under Section 138 of the Negotiable Instruments Act. The court convicted the respondent based on the dishonored check for loan repayment, imposing a fine of Rs. 2,40,000. Emphasizing the legal presumption under the Act and the evidence presented by the appellant, the court directed the trial court to ensure the fine payment, clarifying that jail detention was for recovery purposes, not satisfaction of liability. Case-Laws Indian Laws Thu, 27 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393102