Gopinath T v. Sri Rajagopala
Case brief
What is this about?
Conviction under Section 138 NI Act for a dishonoured Rs. 5 lakh cheque was challenged in revision. The court found the accused had rebutted the statutory presumption via unshaken cross-examination and defence documents, and set aside the concurrent convictions, acquitting him.
What did the court decide?
Conviction and sentence under Section 138 NI Act set aside; petitioner acquitted; bail bonds cancelled; deposit amount ordered refunded.