HC upholds conviction of accused u/s 138 of NI Act for non-payment of dues towards fabrics purchase

FEMA, INSURANCE amp; BANKING : Where there had been default in making payment, on part of petitioner since July 2011 and despite decree passed by Court and conviction by Trial Court, till date respondent had not received payment due, petitioner deserved no leniency or sympathy and order of conviction of petitioner with a direction to pay fine was to be upheld

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