https://www.taxtmi.com/caselaws?id=417879 The Court found the respondent guilty under Section 138 of the Negotiable Instruments Act, reversing the acquittal due to the clear application of Section 139. The respondent failed to rebut the presumption adequately, leading to a conviction with a six-month imprisonment and a fine of Rs. 60,000. The option for compounding the offense by paying Rs. 75,000 within two months was provided, with non-compliance resulting in the prescribed sentence. Sentences for distinct offenses against different complainants were to be served consecutively, emphasizing individual accountability. en-us Thu, 20 Jan 2022 00:00:00 +0530 Fri, 04 Feb 2022 06:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417879 The Court found the respondent guilty under Section 138 of the Negotiable Instruments Act, reversing the acquittal due to the clear application of Section 139. The respondent failed to rebut the presumption adequately, leading to a conviction with a six-month imprisonment and a fine of Rs. 60,000. The option for compounding the offense by paying Rs. 75,000 within two months was provided, with non-compliance resulting in the prescribed sentence. Sentences for distinct offenses against different complainants were to be served consecutively, emphasizing individual accountability. Case-Laws Indian Laws Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417879