https://www.taxtmi.com/caselaws?id=760074 The HC upheld the conviction under Section 138 of the Negotiable Instruments Act for dishonour of cheque. The accused failed to rebut the statutory presumption under Sections 118 and 139, as cross-examination did not contradict the complainant's testimony. Despite the accused's claim of prior payment of Rs.8,00,000/- against Rs.2,00,000/-, the receipt produced lacked mention of the dishonoured cheque. The court held that even cheques issued as security can be presented for encashment if promised repayment fails. All essential ingredients of Section 138 were satisfied, and the revision petition was dismissed. en-us Fri, 04 Oct 2024 00:00:00 +0530 Wed, 16 Oct 2024 08:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760074 The HC upheld the conviction under Section 138 of the Negotiable Instruments Act for dishonour of cheque. The accused failed to rebut the statutory presumption under Sections 118 and 139, as cross-examination did not contradict the complainant's testimony. Despite the accused's claim of prior payment of Rs.8,00,000/- against Rs.2,00,000/-, the receipt produced lacked mention of the dishonoured cheque. The court held that even cheques issued as security can be presented for encashment if promised repayment fails. All essential ingredients of Section 138 were satisfied, and the revision petition was dismissed. Case-Laws Indian Laws Fri, 04 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760074