https://www.taxtmi.com/caselaws?id=400748 Admitted execution of the cheques attracted the presumptions under Sections 118 and 139 of the Negotiable Instruments Act, 1881, and the accused failed to rebut them with a probable defence; the conviction under Section 138 was therefore sustained. The plea based on agency and Section 230 of the Indian Contract Act, 1872 was rejected on the facts because the cheques were issued in favour of the complainant and no perverse finding was shown in the lower courts. The sentence was otherwise maintained, but the compensation was rationalised so that the amount recoverable matched the cheque amount covered by the transaction. en-us Tue, 10 Nov 2020 00:00:00 +0530 Wed, 18 Nov 2020 09:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400748 Admitted execution of the cheques attracted the presumptions under Sections 118 and 139 of the Negotiable Instruments Act, 1881, and the accused failed to rebut them with a probable defence; the conviction under Section 138 was therefore sustained. The plea based on agency and Section 230 of the Indian Contract Act, 1872 was rejected on the facts because the cheques were issued in favour of the complainant and no perverse finding was shown in the lower courts. The sentence was otherwise maintained, but the compensation was rationalised so that the amount recoverable matched the cheque amount covered by the transaction. Case-Laws Indian Laws Tue, 10 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400748