TMI BlogThe High Court confirmed the conviction of the revisionist u/s 138 of the Negotiable Instruments Act....The High Court upheld the conviction of the defendant under Section 138 of the Negotiable Instruments Act, affirming that the presumptions under Sections 118 and 139 are rebuttable by a preponderance of probabilities rather than beyond reasonable doubt. The defense, claiming the cheque was provided as security by an employee for a loan, was rejected due to inconsistent statements regarding the interest rate. The court confirmed the sentence to the time already served in custody and maintained the imposed fine and compensation order. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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