High Court upholds conviction u/s 138 for cheque dishonor after petitioner issued stop payment instruction to bank.

Dishonor of Cheque - petitioner has issued stop payment instructions to the banker - Once it was held that the cheque pertains to the account of the petitioner and that was issued by him, the presumptions under Section 118 of NI Act to the effect that cheque was issued for consideration and the presumption under Section 139 of the NI Act that the cheque was issued for discharge of liability arise. - Order of conviction for the offence u/s 138 confirmed - HC .....

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