https://www.taxtmi.com/caselaws?id=440959 The appeal was filed against the acquittal of the accused under Section 138 of the Negotiable Instruments Act. The appellant proved the issuance and dishonor of the cheque, along with the due service of notice. The Supreme Court held that the accused failed to rebut the presumption of a legally enforceable debt under Section 139 of the Act. Consequently, the appeal was allowed, the acquittal was set aside, and the accused were found guilty under Section 138. They were sentenced to pay compensation of Rs.50 lakhs within one month, facing imprisonment and firm attachment otherwise. en-us Tue, 25 Jul 2023 00:00:00 +0530 Mon, 31 Jul 2023 06:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440959 The appeal was filed against the acquittal of the accused under Section 138 of the Negotiable Instruments Act. The appellant proved the issuance and dishonor of the cheque, along with the due service of notice. The Supreme Court held that the accused failed to rebut the presumption of a legally enforceable debt under Section 139 of the Act. Consequently, the appeal was allowed, the acquittal was set aside, and the accused were found guilty under Section 138. They were sentenced to pay compensation of Rs.50 lakhs within one month, facing imprisonment and firm attachment otherwise. Case-Laws Indian Laws Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440959