https://www.taxtmi.com/caselaws?id=441364 The High Court upheld the conviction of the accused in a criminal prosecution under Section 138 of the Negotiable Instruments Act for dishonoring a cheque issued as surety for a loan. The court applied the presumption under Section 139 of the Act, shifting the burden to the accused to disprove the debt. The court, in exercising revisional jurisdiction, reduced the sentence but affirmed the lower courts' findings, emphasizing limited revisional powers. The judgment partially allowed the revision petition, reducing the imprisonment sentence and imposing fines and compensation requirements on the petitioner. Failure to comply would lead to coercive measures by the trial court. en-us Wed, 19 Jul 2023 00:00:00 +0530 Tue, 08 Aug 2023 07:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441364 The High Court upheld the conviction of the accused in a criminal prosecution under Section 138 of the Negotiable Instruments Act for dishonoring a cheque issued as surety for a loan. The court applied the presumption under Section 139 of the Act, shifting the burden to the accused to disprove the debt. The court, in exercising revisional jurisdiction, reduced the sentence but affirmed the lower courts' findings, emphasizing limited revisional powers. The judgment partially allowed the revision petition, reducing the imprisonment sentence and imposing fines and compensation requirements on the petitioner. Failure to comply would lead to coercive measures by the trial court. Case-Laws Indian Laws Wed, 19 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441364