KUNTEGOWDA versus THURUBAIAH

Case summary from SCR

Issue for Consideration Issue arose whether the High Court in exercise of revisional jurisdiction was justified in setting aside the order of conviction of the accused u/s.138 NI Act, passed by the trial court and affirmed by the Sessions Court. Headnotes† Negotiable Instruments Act, 1881 of funds – Presumptions as to negotiable instruments – Exercise of revisional jurisdiction by the High Court – Hand loan of Rs.4,50,000/- extended by the complainant to the accused, to be paid within a year with 16% interest per annum – Cheque issued by the