https://www.taxtmi.com/caselaws?id=412814 The Supreme Court set aside the High Court's order and restored the conviction by the Judicial Magistrate under Section 138 of the Negotiable Instruments Act. The Court emphasized the presumption under Sections 118 and 139 of the Act, noting the respondent's failure to rebut the presumption triggered by the signature on the cheque. The Court modified the sentence to a fine of Rs. 2,50,000, with Rs. 2,40,000 as compensation to the appellant, with imprisonment only in case of default. The appeals were allowed in part, and pending applications were disposed of. en-us Thu, 23 Sep 2021 00:00:00 +0530 Mon, 27 Sep 2021 07:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412814 The Supreme Court set aside the High Court's order and restored the conviction by the Judicial Magistrate under Section 138 of the Negotiable Instruments Act. The Court emphasized the presumption under Sections 118 and 139 of the Act, noting the respondent's failure to rebut the presumption triggered by the signature on the cheque. The Court modified the sentence to a fine of Rs. 2,50,000, with Rs. 2,40,000 as compensation to the appellant, with imprisonment only in case of default. The appeals were allowed in part, and pending applications were disposed of. Case-Laws Indian Laws Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412814