Accused Convicted Under Section 138 of Negotiable Instruments Act in Cheque Bounce Case Involving ₹2 Lakh Loan Liability: Delhi Court

A Delhi Court has convicted Kishan Kumar, proprietor of M/s. Priya Enterprises, for the offence punishable under Section 138 Of The Negotiable Instruments Act, 1881 in a cheque bounce case filed by Babita. The judgment was delivered by Judicial Magistrate First Class Pankaj Rai at Dwarka Courts, Delhi. The Court held that the accused failed to rebut the statutory presumption arising under the Negotiable Instruments Act, 1881 after admitting his…