Sri M v. Krishna v Manchegowda
Case brief
What is this about?
Accused convicted under Section 138 of the Negotiable Instruments Act for cheque dishonour; conviction confirmed in appeal. In revision, the High Court held the presumption under Section 139 stood unrebutted by mere self-serving testimony and maintained conviction, but set aside Rs.5,000 defraying expenses and reduced total fine to Rs.2,00,000 payable as compensation.
What did the court decide?
Conviction under S.138 NI Act maintained; fine reduced from Rs.2,05,000 to Rs.2,00,000 payable as compensation (default: six months simple imprisonment); Rs.5,000 defraying expenses set aside; time ti