https://www.taxtmi.com/caselaws?id=443823 The appeal was allowed, and the respondent was held guilty under Section 138 of the Negotiable Instrument Act. The respondent was sentenced to pay a fine of Rs.5 Lakhs to the appellant within 3 months, with a default provision of 1-year rigorous imprisonment if the fine is not paid. The Court emphasized the presumption in favor of the holder under Section 139 of the NI Act, setting aside the Trial Court's acquittal judgment. en-us Mon, 28 Aug 2023 00:00:00 +0530 Wed, 04 Oct 2023 07:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443823 The appeal was allowed, and the respondent was held guilty under Section 138 of the Negotiable Instrument Act. The respondent was sentenced to pay a fine of Rs.5 Lakhs to the appellant within 3 months, with a default provision of 1-year rigorous imprisonment if the fine is not paid. The Court emphasized the presumption in favor of the holder under Section 139 of the NI Act, setting aside the Trial Court's acquittal judgment. Case-Laws Indian Laws Mon, 28 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443823