https://www.taxtmi.com/caselaws?id=288145 The appellate court allowed the appeal, setting aside the trial court's judgment. The accused was convicted under Section 138 of the N.I. Act and fined Rs. 40,000, with conditional imprisonment for one year if the fine is not paid within two months. The fine, to be deposited with the trial court, includes compensation of Rs. 35,000 to the complainant. The court found the accused failed to rebut the presumption under Section 139 of the N.I. Act and upheld the issuance of the cheque for debt discharge. en-us Wed, 02 Jan 2019 00:00:00 +0530 Fri, 22 May 2020 10:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288145 The appellate court allowed the appeal, setting aside the trial court's judgment. The accused was convicted under Section 138 of the N.I. Act and fined Rs. 40,000, with conditional imprisonment for one year if the fine is not paid within two months. The fine, to be deposited with the trial court, includes compensation of Rs. 35,000 to the complainant. The court found the accused failed to rebut the presumption under Section 139 of the N.I. Act and upheld the issuance of the cheque for debt discharge. Case-Laws Indian Laws Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288145