https://www.taxtmi.com/caselaws?id=298936 A cheque dishonoured for insufficiency of funds attracted liability under Section 138 of the Negotiable Instruments Act, and the accused failed to rebut the statutory presumption under Section 139 with credible evidence. The Court noted that no reply was sent to the statutory notice and that the pleas of lost cheque, stop payment, or incomplete signature were unsupported and insufficient to displace the complainant's case, so the conviction was sustained. On sentence, the Court gave weight to the compensatory nature of cheque dishonour proceedings and modified the punishment by substituting imprisonment with a fine, directing compensation to the complainant from the fine amount. en-us Mon, 27 Sep 2010 00:00:00 +0530 Sat, 27 Nov 2021 13:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298936 A cheque dishonoured for insufficiency of funds attracted liability under Section 138 of the Negotiable Instruments Act, and the accused failed to rebut the statutory presumption under Section 139 with credible evidence. The Court noted that no reply was sent to the statutory notice and that the pleas of lost cheque, stop payment, or incomplete signature were unsupported and insufficient to displace the complainant's case, so the conviction was sustained. On sentence, the Court gave weight to the compensatory nature of cheque dishonour proceedings and modified the punishment by substituting imprisonment with a fine, directing compensation to the complainant from the fine amount. Case-Laws Indian Laws Mon, 27 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298936