Conviction in Cheque Bounce Case Under Section 138 of the Negotiable Instruments Act

In a significant ruling under Section 138, Negotiable Instruments Act, the Court of Judicial Magistrate First Class (NI Act), North-West Rohini, Delhi, convicted Parveen Kumar Jain, the proprietor of M/s Jayco Engineering Corporation, for dishonoring a cheque worth Rs. 2,13,700 issued to Rajeev Kumar Bhalla, the proprietor of M/s Uttam Electricals. The case revolved around the non-payment of a debt for electrical goods supplied by the complainant. Facts of the…