https://www.taxtmi.com/caselaws?id=312465 The court found the accused guilty under Section 138 of the Negotiable Instruments Act for issuing a dishonoured cheque. Despite the cheque amount exceeding the original debt, it was deemed valid as it covered the principal and accrued interest. The accused's defenses, including a forged agreement, failed to rebut the presumption of legal liability. The cheque was dishonoured due to "account closed," which did not exempt liability. The court reversed the earlier judgment, convicted the accused, and remanded the case to the trial court for sentencing and consideration of compensation to the complainant. en-us Tue, 02 Apr 2002 00:00:00 +0530 Tue, 20 Feb 2024 11:31:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312465 The court found the accused guilty under Section 138 of the Negotiable Instruments Act for issuing a dishonoured cheque. Despite the cheque amount exceeding the original debt, it was deemed valid as it covered the principal and accrued interest. The accused's defenses, including a forged agreement, failed to rebut the presumption of legal liability. The cheque was dishonoured due to "account closed," which did not exempt liability. The court reversed the earlier judgment, convicted the accused, and remanded the case to the trial court for sentencing and consideration of compensation to the complainant. Case-Laws Income Tax Tue, 02 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312465