Business transaction—Negotiable Instruments Act, 1881—Sections 138 and 139—Code of Criminal Procedure, 1973—Sections 397, 401 and 313—Dishonour of Cheque—Conviction and sentence—Appeal—Dismissed by Additional Sessions Judge—Conviction upheld—Petitioner-accused approached high Court—Seeking his acquittal after setting aside the judgment of conviction recorded by Court below—Determination of—Complainant successfully proved on record that he had lent sum of Rs. 700 to accused—Who  with a view to discharge his liability, issued Cheque amounting to Rs. 7,00,000/-—But same was dishonoured—Complainant successfully proved on record all ingredients of Section 138 of N.I. Act—No illegality can be said to have been committed by Courts below&mda...

CIVIL PROCEDURE—SUIT FOR RECOVERY—Business Transaction—Admission of Supply of Goods—Proof of Outstanding Dues—Held, defendant admitted business relationship and supply of goods by plaintiff—Plaintiff produced invoices and transport receipts to establish delivery—Defendant’s contention of full payment not substantiated—Alleged cash payments to plaintiff’s employees not proved—Statement of account produced by plaintiff remained undisputed—Trial Court rightly held dues established—However, interest claimed at 24% p.a. modified—Interest awarded at 20% p.a. from date of due till suit and 18% p.a. thereafter—Appeal partly allowed—Plaintiff entitled to recover principal sum of ₹2,17,965/- with interest @ 20% p.a. from 28-08-2009 to 11-02-2011 (date ...