https://www.taxtmi.com/caselaws?id=459819 Calcutta HC set aside petitioner's conviction under Section 138 of Negotiable Instruments Act despite presumption under Section 139 favoring complainant. Court held that while petitioner failed to rebut presumption that cheque was issued for legal debt, proceedings were not maintainable due to non-compliance with Section 141 regarding vicarious liability of company director. The conviction was quashed and application disposed of based on procedural non-compliance rather than merits of dishonor case. en-us Tue, 19 Mar 2024 00:00:00 +0530 Mon, 30 Dec 2024 19:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459819 Calcutta HC set aside petitioner's conviction under Section 138 of Negotiable Instruments Act despite presumption under Section 139 favoring complainant. Court held that while petitioner failed to rebut presumption that cheque was issued for legal debt, proceedings were not maintainable due to non-compliance with Section 141 regarding vicarious liability of company director. The conviction was quashed and application disposed of based on procedural non-compliance rather than merits of dishonor case. Case-Laws Indian Laws Tue, 19 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459819