https://www.taxtmi.com/caselaws?id=406030 The High Court upheld the existence of a legally enforceable debt in a case involving the dishonor of a cheque. The accused failed to substantiate her defense, leading to the revision petition being allowed and the trial court's conviction under Section 138 of the N.I. Act being reinstated. The accused was directed to pay a fine of Rs. 1,30,000 within three months or face imprisonment for four months, emphasizing the significance of statutory presumptions and the burden on the accused to counter claims under the N.I. Act. en-us Wed, 31 Mar 2021 00:00:00 +0530 Mon, 05 Apr 2021 09:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406030 The High Court upheld the existence of a legally enforceable debt in a case involving the dishonor of a cheque. The accused failed to substantiate her defense, leading to the revision petition being allowed and the trial court's conviction under Section 138 of the N.I. Act being reinstated. The accused was directed to pay a fine of Rs. 1,30,000 within three months or face imprisonment for four months, emphasizing the significance of statutory presumptions and the burden on the accused to counter claims under the N.I. Act. Case-Laws Indian Laws Wed, 31 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406030