Insufficiency of Funds Will Lead to Person Being Held Liable As per Section 138 of Negotiable Instruments Act, 1881: Tripura High Court
Sri Balram Chowdhury was found guilty under section 138 of the Negotiable Instruments Act, 1981. He was sentenced to pay Rs 1 Lakh to Manik Debnath. The other partner of the company Amiya Gopal Das was also convicted of the offence, but he paid the particular fine.
