https://www.taxtmi.com/caselaws?id=429665 The High Court confirmed the conviction under Section 138 of the NI Act but modified the sentence to simple imprisonment for a day till rising of the court and a fine of Rs.10 lakh. The accused was given two months to comply with the sentence and payment of the fine, with directions to appear before the trial court on 30.01.2023. The court emphasized the limited scope of revisional jurisdiction and the applicability of presumptions under Sections 118 and 139 of the NI Act in favor of the complainant. en-us Tue, 01 Nov 2022 00:00:00 +0530 Wed, 02 Nov 2022 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429665 The High Court confirmed the conviction under Section 138 of the NI Act but modified the sentence to simple imprisonment for a day till rising of the court and a fine of Rs.10 lakh. The accused was given two months to comply with the sentence and payment of the fine, with directions to appear before the trial court on 30.01.2023. The court emphasized the limited scope of revisional jurisdiction and the applicability of presumptions under Sections 118 and 139 of the NI Act in favor of the complainant. Case-Laws Indian Laws Tue, 01 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429665