https://www.taxtmi.com/caselaws?id=405265 The court upheld the conviction under Section 138 of the Negotiable Instruments Act, finding the accused guilty of issuing a dishonored cheque. The accused's defense was deemed insufficient to rebut the statutory presumption, leading to the conviction. However, the court reduced the fine imposed on the accused, deeming the original amount excessive and modified the distribution of the fine between the complainant and the State. The Revision Petition was partially allowed, maintaining the conviction but adjusting the fine amount in light of the circumstances. en-us Wed, 13 Jan 2021 00:00:00 +0530 Tue, 16 Mar 2021 08:45:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405265 The court upheld the conviction under Section 138 of the Negotiable Instruments Act, finding the accused guilty of issuing a dishonored cheque. The accused's defense was deemed insufficient to rebut the statutory presumption, leading to the conviction. However, the court reduced the fine imposed on the accused, deeming the original amount excessive and modified the distribution of the fine between the complainant and the State. The Revision Petition was partially allowed, maintaining the conviction but adjusting the fine amount in light of the circumstances. Case-Laws Indian Laws Wed, 13 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405265