https://www.taxtmi.com/caselaws?id=438122 The High Court overturned the Trial Court's acquittal of the accused in a case under Section 138 of the NI Act. The appellant successfully argued that the Trial Court misread evidence and law, leading to an erroneous decision. The accused failed to rebut the presumption of discharge of liability under Section 139 of the NI Act. The High Court found the accused guilty, imposing a fine of Rs. 17,20,000/- to be paid to the complainant as compensation within three months, with a two-year imprisonment term in case of default. en-us Fri, 19 May 2023 00:00:00 +0530 Wed, 24 May 2023 09:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438122 The High Court overturned the Trial Court's acquittal of the accused in a case under Section 138 of the NI Act. The appellant successfully argued that the Trial Court misread evidence and law, leading to an erroneous decision. The accused failed to rebut the presumption of discharge of liability under Section 139 of the NI Act. The High Court found the accused guilty, imposing a fine of Rs. 17,20,000/- to be paid to the complainant as compensation within three months, with a two-year imprisonment term in case of default. Case-Laws Indian Laws Fri, 19 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438122