Allowed
Kores (India) Limited v. Ashish Kumar Ahooja and Anr.
Bombay HCAPEAL/844/2010
Case brief
AI extract
What is this about?
In appeals against acquittal, the High Court reversed the trial court's finding, holding that the non-production of an agreement between third parties did not warrant an adverse inference. The court found the sale was genuine, liability existed, and cheques were issued for discharge of debt, not security, upholding conviction under Section 138.
What did the court decide?
Accused convicted under Section 138 of the NI Act in six cases. Sentence awarded as double the amount of cheques or two months simple imprisonment per case, if fine not paid.