https://www.taxtmi.com/caselaws?id=292887 The Revision Applications were rejected, upholding the Appeal Court's decision to reverse the conviction under section 138 of the Negotiable Instrument Act. The Court found that the sale deed did not establish a legally enforceable debt related to the dishonored cheques issued during a land sale transaction. As per the requirements of the Act, the cheques must be issued for a debt or liability, which was not proven in this case. The respondent demonstrated through the sale deed that there was no outstanding debt at the time of issuing the cheques, leading to the rejection of the Revision Applications. en-us Tue, 07 Jan 2020 00:00:00 +0530 Mon, 11 Jan 2021 19:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292887 The Revision Applications were rejected, upholding the Appeal Court's decision to reverse the conviction under section 138 of the Negotiable Instrument Act. The Court found that the sale deed did not establish a legally enforceable debt related to the dishonored cheques issued during a land sale transaction. As per the requirements of the Act, the cheques must be issued for a debt or liability, which was not proven in this case. The respondent demonstrated through the sale deed that there was no outstanding debt at the time of issuing the cheques, leading to the rejection of the Revision Applications. Case-Laws Indian Laws Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292887