https://www.taxtmi.com/caselaws?id=298685 The High Court set aside the acquittal order and convicted the first respondent under section 138 of the Negotiable Instruments Act. The first respondent was sentenced to imprisonment till rising of the court and ordered to pay a compensation of Rs. 25,000 to the appellant, with a default sentence of two months' simple imprisonment. The court clarified that even a time-barred debt can be a valid consideration for a cheque issuance, and dishonoring such a cheque constitutes an offense under section 138 of the Act. en-us Tue, 29 Jun 2010 00:00:00 +0530 Mon, 15 Nov 2021 13:08:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298685 The High Court set aside the acquittal order and convicted the first respondent under section 138 of the Negotiable Instruments Act. The first respondent was sentenced to imprisonment till rising of the court and ordered to pay a compensation of Rs. 25,000 to the appellant, with a default sentence of two months' simple imprisonment. The court clarified that even a time-barred debt can be a valid consideration for a cheque issuance, and dishonoring such a cheque constitutes an offense under section 138 of the Act. Case-Laws Indian Laws Tue, 29 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298685