https://www.taxtmi.com/caselaws?id=309291 The court upheld the conviction under Section 138 of the N.I. Act, modifying the sentence to payment of Rs. 2,20,000 compensation to the complainant with a default three-month imprisonment. The accused failed to rebut the presumption under Section 139, with inconsistencies in defense evidence. The judgment emphasized the importance of commercial morality and burden of proof principles in cheque dishonour cases, highlighting the complainant's successful discharge of burden and the need for just compensation. en-us Tue, 08 Aug 2006 00:00:00 +0530 Tue, 22 Aug 2023 11:46:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309291 The court upheld the conviction under Section 138 of the N.I. Act, modifying the sentence to payment of Rs. 2,20,000 compensation to the complainant with a default three-month imprisonment. The accused failed to rebut the presumption under Section 139, with inconsistencies in defense evidence. The judgment emphasized the importance of commercial morality and burden of proof principles in cheque dishonour cases, highlighting the complainant's successful discharge of burden and the need for just compensation. Case-Laws Indian Laws Tue, 08 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309291