Kadiam Srinu, v. The State of A.P.
Case brief
What is this about?
The High Court upheld the conviction for cheque bounce under Section 138 NI Act but quashed the term of imprisonment, remanding the case to impose an additional fine of Rs.20,000 considering the accused's hardship as a breadwinner.
What did the court decide?
Conviction confirmed; sentence of imprisonment set aside and replaced with an additional fine of Rs.20,000 payable as compensation.