https://www.taxtmi.com/caselaws?id=426367 The court upheld the conviction of the petitioner under Section 138 of the Negotiable Instruments Act but modified the sentence. The petitioner was ordered to pay Rs.10 lakhs in total as compensation within ten weeks, with the one-year imprisonment sentence being substituted by a monetary penalty. Failure to pay would result in further legal action as per the law. en-us Wed, 10 Aug 2022 00:00:00 +0530 Tue, 16 Aug 2022 09:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426367 The court upheld the conviction of the petitioner under Section 138 of the Negotiable Instruments Act but modified the sentence. The petitioner was ordered to pay Rs.10 lakhs in total as compensation within ten weeks, with the one-year imprisonment sentence being substituted by a monetary penalty. Failure to pay would result in further legal action as per the law. Case-Laws Indian Laws Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426367