https://www.taxtmi.com/caselaws?id=421483 The High Court upheld the petitioner's conviction under Section 138 of the Negotiable Instruments Act, 1881, sentencing him to one month of simple imprisonment and a fine of Rs. 1,00,000. The appeal against the conviction and sentence was dismissed, affirming the lower court's decision. The court rejected the petitioner's arguments on the non-existence of a friendly loan, the use of a blank cheque as security, and the admissibility of a security cheque under Section 138. The complainant's financial capacity and the presumption under Sections 118 and 139 were crucial factors in maintaining the conviction. en-us Tue, 19 Apr 2022 00:00:00 +0530 Tue, 26 Apr 2022 08:15:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421483 The High Court upheld the petitioner's conviction under Section 138 of the Negotiable Instruments Act, 1881, sentencing him to one month of simple imprisonment and a fine of Rs. 1,00,000. The appeal against the conviction and sentence was dismissed, affirming the lower court's decision. The court rejected the petitioner's arguments on the non-existence of a friendly loan, the use of a blank cheque as security, and the admissibility of a security cheque under Section 138. The complainant's financial capacity and the presumption under Sections 118 and 139 were crucial factors in maintaining the conviction. Case-Laws Indian Laws Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421483