https://www.taxtmi.com/caselaws?id=308590 The High Court overturned the acquittal order and found the accused guilty under Section 138 of the Negotiable Instruments Act. The court held that the purpose of issuing the cheque, whether as security or for payment, does not exempt the drawer from liability. The premature presentation argument was dismissed as the cheque was validly delivered, and terms of the agreement clearly outlined the settlement date. The discrepancy in the postal cover regarding the notice was resolved in favor of the complainant. The accused was convicted, and a fine along with compensation was ordered to be paid to the complainant. en-us Thu, 01 Jun 2006 00:00:00 +0530 Thu, 06 Jul 2023 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308590 The High Court overturned the acquittal order and found the accused guilty under Section 138 of the Negotiable Instruments Act. The court held that the purpose of issuing the cheque, whether as security or for payment, does not exempt the drawer from liability. The premature presentation argument was dismissed as the cheque was validly delivered, and terms of the agreement clearly outlined the settlement date. The discrepancy in the postal cover regarding the notice was resolved in favor of the complainant. The accused was convicted, and a fine along with compensation was ordered to be paid to the complainant. Case-Laws Indian Laws Thu, 01 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308590