https://www.taxtmi.com/caselaws?id=414676 The SC overturned the judgments of the trial court and HC, affirming the complaint's proper institution under the NI Act. The respondent, unable to rebut the presumption of financial liability, was sentenced to one year of imprisonment and fined twice the cheque amount. The sentence could be suspended if an additional Rs. 1,60,000/- was paid to the appellant within two months. The appeal was allowed, and costs were awarded to the appellant. en-us Wed, 10 Nov 2021 00:00:00 +0530 Thu, 22 Feb 2024 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414676 The SC overturned the judgments of the trial court and HC, affirming the complaint's proper institution under the NI Act. The respondent, unable to rebut the presumption of financial liability, was sentenced to one year of imprisonment and fined twice the cheque amount. The sentence could be suspended if an additional Rs. 1,60,000/- was paid to the appellant within two months. The appeal was allowed, and costs were awarded to the appellant. Case-Laws Indian Laws Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414676