https://www.taxtmi.com/caselaws?id=413973 The High Court upheld the accused's guilt under Section 138 of the Negotiable Instruments Act, finding that the cheques were issued to discharge a legally enforceable debt. The court emphasized the statutory presumption under Section 139 of the Act and noted the accused's failure to rebut this presumption with credible evidence. The accused's sentence was reduced to three months of simple imprisonment and a fine of Rs. 5,000/- for each case, striking a balance between punishment and proportionality. The High Court set aside the Sessions Court's judgments and reinstated the trial court's findings. en-us Fri, 08 Oct 2021 00:00:00 +0530 Tue, 26 Oct 2021 08:59:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413973 The High Court upheld the accused's guilt under Section 138 of the Negotiable Instruments Act, finding that the cheques were issued to discharge a legally enforceable debt. The court emphasized the statutory presumption under Section 139 of the Act and noted the accused's failure to rebut this presumption with credible evidence. The accused's sentence was reduced to three months of simple imprisonment and a fine of Rs. 5,000/- for each case, striking a balance between punishment and proportionality. The High Court set aside the Sessions Court's judgments and reinstated the trial court's findings. Case-Laws Indian Laws Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413973