https://www.taxtmi.com/caselaws?id=424288 Conviction under Section 138 of the Negotiable Instruments Act was upheld because the evidence established issuance and dishonour of the cheque and the accused failed to rebut the statutory presumption. Limited interference was warranted only on sentence, as the fine was found disproportionate and close to twice the cheque amount. Applying proportionality, the High Court reduced the fine and made consequential adjustments to the payment and compensation directions while leaving the finding of guilt intact. en-us Thu, 09 Jun 2022 00:00:00 +0530 Mon, 27 Jun 2022 10:23:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424288 Conviction under Section 138 of the Negotiable Instruments Act was upheld because the evidence established issuance and dishonour of the cheque and the accused failed to rebut the statutory presumption. Limited interference was warranted only on sentence, as the fine was found disproportionate and close to twice the cheque amount. Applying proportionality, the High Court reduced the fine and made consequential adjustments to the payment and compensation directions while leaving the finding of guilt intact. Case-Laws Indian Laws Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424288