https://www.taxtmi.com/caselaws?id=397741 The accused was convicted and sentenced under Section 138 of the Negotiable Instruments Act for issuing a dishonored cheque. The appellate court dismissed the appeal, upholding the conviction. The defense's argument of a hire purchase agreement was deemed insufficient to rebut the presumption under the Act. The court emphasized the presumption of consideration under Sections 118A and 139 of the Act, placing the burden on the accused to prove no debt existed. Despite the accused's age and health issues, the sentence was modified to pay a fine, with any deposited amounts to be released to the complainant. The conviction was upheld based on legal principles and evidence presented. en-us Tue, 21 Jul 2020 00:00:00 +0530 Fri, 28 Aug 2020 11:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397741 The accused was convicted and sentenced under Section 138 of the Negotiable Instruments Act for issuing a dishonored cheque. The appellate court dismissed the appeal, upholding the conviction. The defense's argument of a hire purchase agreement was deemed insufficient to rebut the presumption under the Act. The court emphasized the presumption of consideration under Sections 118A and 139 of the Act, placing the burden on the accused to prove no debt existed. Despite the accused's age and health issues, the sentence was modified to pay a fine, with any deposited amounts to be released to the complainant. The conviction was upheld based on legal principles and evidence presented. Case-Laws Indian Laws Tue, 21 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397741