Veershetty S/O Ganpathrao Biradar v. Ramshetty S/O Gurubasappa
Case brief
What is this about?
Criminal appeal against conviction under Section 138 of the NI Act for a dishonoured cheque bearing the endorsement 'Account Closed'. The court held the accused failed to rebut the statutory presumptions, upheld the conviction, but reduced imprisonment to a fine with default imprisonment.
What did the court decide?
Conviction under Section 138 NI Act confirmed; sentence of imprisonment set aside and replaced with a fine, in default simple imprisonment for one year; bail bonds cancelled.