https://www.taxtmi.com/caselaws?id=402670 Admission of the cheque execution activates the presumptions under Sections 118 and 139 of the Negotiable Instruments Act in favour of the holder, and they stand only if the accused raises a probable and cogent rebuttal. The text notes that dishonour for insufficiency of funds, timely statutory notice, and failure to prove the defence that the cheque was a blank instrument given to a third party supported conviction under Section 138. It also states that imprisonment under Section 138 is not mandatory, so sentence may be modified to a fine with compensation and default imprisonment where the compensatory object can be secured without custodial punishment. en-us Wed, 06 Jan 2021 00:00:00 +0530 Sat, 09 Jan 2021 20:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402670 Admission of the cheque execution activates the presumptions under Sections 118 and 139 of the Negotiable Instruments Act in favour of the holder, and they stand only if the accused raises a probable and cogent rebuttal. The text notes that dishonour for insufficiency of funds, timely statutory notice, and failure to prove the defence that the cheque was a blank instrument given to a third party supported conviction under Section 138. It also states that imprisonment under Section 138 is not mandatory, so sentence may be modified to a fine with compensation and default imprisonment where the compensatory object can be secured without custodial punishment. Case-Laws Indian Laws Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402670