https://www.taxtmi.com/caselaws?id=772413 The HP HC dismissed a revision petition in a dishonour of cheque case under Section 138 of the NI Act. The accused admitted issuing the cheque but claimed it was given as security for a loan. The court held that once execution was admitted, presumption under Sections 118 and 139 arose, which the accused failed to rebut by not appearing as witness or examining witnesses. The accused's application for additional evidence was rejected as documents were available before trial closure. The court upheld conviction and compensation of Rs.52,932/- on cheque amount of Rs.7,47,068/-, considering six-year delay and litigation expenses. en-us Mon, 02 Jun 2025 00:00:00 +0530 Mon, 09 Jun 2025 07:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772413 The HP HC dismissed a revision petition in a dishonour of cheque case under Section 138 of the NI Act. The accused admitted issuing the cheque but claimed it was given as security for a loan. The court held that once execution was admitted, presumption under Sections 118 and 139 arose, which the accused failed to rebut by not appearing as witness or examining witnesses. The accused's application for additional evidence was rejected as documents were available before trial closure. The court upheld conviction and compensation of Rs.52,932/- on cheque amount of Rs.7,47,068/-, considering six-year delay and litigation expenses. Case-Laws Indian Laws Mon, 02 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772413