https://www.taxtmi.com/caselaws?id=416127 The High Court upheld the conviction under Section 138 of the Negotiable Instruments Act, finding the accused guilty of dishonoring a cheque issued to discharge a legally enforceable debt. The court emphasized the statutory presumption under Sections 118 and 139, noting the accused's failure to rebut it with a credible defense. The accused's claim of misuse of the cheque as security lacked evidence. The court affirmed the lower courts' decisions, dismissing the revision petition and directing the accused to serve the sentence for non-payment of the debt. en-us Fri, 17 Sep 2021 00:00:00 +0530 Wed, 22 Dec 2021 07:49:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416127 The High Court upheld the conviction under Section 138 of the Negotiable Instruments Act, finding the accused guilty of dishonoring a cheque issued to discharge a legally enforceable debt. The court emphasized the statutory presumption under Sections 118 and 139, noting the accused's failure to rebut it with a credible defense. The accused's claim of misuse of the cheque as security lacked evidence. The court affirmed the lower courts' decisions, dismissing the revision petition and directing the accused to serve the sentence for non-payment of the debt. Case-Laws Indian Laws Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416127