https://www.taxtmi.com/caselaws?id=753050 Calcutta HC convicted accused under Section 138 of Negotiable Instruments Act for cheque dishonour due to insufficient funds. Trial court had acquitted accused, but HC found this contrary to Section 139 presumption. Complainant sent demand notice after dishonour, creating legal presumption in their favor. Accused failed to rebut this presumption despite burden being on them. HC relied on SC precedent stating even blank signed cheques attract Section 139 presumption absent cogent contrary evidence. Accused sentenced to pay Rs. 8 lakhs fine within two months, defaulting to six months imprisonment. en-us Tue, 21 May 2024 00:00:00 +0530 Thu, 23 May 2024 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753050 Calcutta HC convicted accused under Section 138 of Negotiable Instruments Act for cheque dishonour due to insufficient funds. Trial court had acquitted accused, but HC found this contrary to Section 139 presumption. Complainant sent demand notice after dishonour, creating legal presumption in their favor. Accused failed to rebut this presumption despite burden being on them. HC relied on SC precedent stating even blank signed cheques attract Section 139 presumption absent cogent contrary evidence. Accused sentenced to pay Rs. 8 lakhs fine within two months, defaulting to six months imprisonment. Case-Laws Indian Laws Tue, 21 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753050