https://www.taxtmi.com/caselaws?id=296938 The appellate judge acquitted the accused due to improper service of demand notice, lack of evidence establishing a legally recoverable debt, doubts on the authenticity of the cheques, and absence of account books proving the debt. The Sessions Judge considered the cheques drawn in 1999 but presented in 2004 as a time-barred transaction, leading to the accused's acquittal. The court upheld the trial court's order, modifying the imprisonment to a fine to be paid by the respondent within three months to avoid imprisonment, emphasizing the presumption in favor of the holder of the cheque. en-us Wed, 07 Jul 2010 00:00:00 +0530 Thu, 12 Aug 2021 17:20:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296938 The appellate judge acquitted the accused due to improper service of demand notice, lack of evidence establishing a legally recoverable debt, doubts on the authenticity of the cheques, and absence of account books proving the debt. The Sessions Judge considered the cheques drawn in 1999 but presented in 2004 as a time-barred transaction, leading to the accused's acquittal. The court upheld the trial court's order, modifying the imprisonment to a fine to be paid by the respondent within three months to avoid imprisonment, emphasizing the presumption in favor of the holder of the cheque. Case-Laws Indian Laws Wed, 07 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296938