https://www.taxtmi.com/caselaws?id=419759 The SC upheld conviction under Section 138 of the Negotiable Instruments Act while modifying the sentence. The accused failed to establish a probable defence regarding a dishonored cheque, claiming the cheque book was lost but providing no evidence of reporting the loss to police or bank. The Court found the accused did not rebut the statutory presumption under Section 139 regarding consideration for the cheque. The conviction was maintained but the one-year imprisonment was vacated, with sentence modified to a fine of Rs. 5,000 to be deposited within one month. en-us Mon, 07 Mar 2022 00:00:00 +0530 Tue, 15 Jul 2025 18:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419759 The SC upheld conviction under Section 138 of the Negotiable Instruments Act while modifying the sentence. The accused failed to establish a probable defence regarding a dishonored cheque, claiming the cheque book was lost but providing no evidence of reporting the loss to police or bank. The Court found the accused did not rebut the statutory presumption under Section 139 regarding consideration for the cheque. The conviction was maintained but the one-year imprisonment was vacated, with sentence modified to a fine of Rs. 5,000 to be deposited within one month. Case-Laws Indian Laws Mon, 07 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419759