SRINAGAR, SEP 04: A court here has sentenced two persons to one year’s simple imprisonment and imposed a fine of Rs 1.25 crore on them in two separate cheque bounce cases.
Judge Small Causes Srinagar, Ms Tabasum, convicted the accused, Farooq Ahmad Bhat of Lalad Sopore, Baramulla, for the commission of offence u/s 138 Negotiable Instruments Act and sentenced him to undergo simple imprisonment for a period of one year.
The court also sentenced him by way of a fine to the tune of rupees double the cheque amount which amount equals to Rs.10,300,000, saying, “The accused shall also pay an amount of Rs. 5 lakh as compensation to the complainant.”
The fine imposed, the court said, shall be recovered by the issuance of levy warrant to be executed by District Collector Baramulla authorizing him to realize the total amounting to Rs.10,800,000 (One crore eight lac) by execution or attachment through civil process against both movable and immovable property of the accused.
“Compliance report to be filed by District Collector Baramulla regarding the execution within one month from the date of announcement of this order,” the court said.
The accused had on 4 November 2020 issued a cheque for Rs 51,50,000(rupees fifty-one lakh fifty thousand only ) on an account maintained by the accused at HDFC Bank branch unit Sopore in discharge of legally recoverable liability owed to the complainant.
The court also convicted another accused Shabir Ahmad Sofi of Sopore for the commission of offence under section 138 Negotiable Instruments Act and sentenced him to undergo simple imprisonment for a period of one year.
The court also sentenced him by way of fine to the tune of rupees double the cheque amount which amount equals to Rs 17 lakh 2 thousand.
“Accused shall also pay an amount of Rs. 3 lakhs as compensation to the complainant,” the court said, “The fine imposed shall be recovered by issuance of levy warrant to be executed by District Collector Baramullah authorizing him to realize the total amounting to Rs 20 lakh two thousand by execution, attachment through civil process against both movable and immovable property of the accused.”
The accused had on 11 August 2020 issued a cheque for an amount of Rs 8,51,000 at J&K Bank Tarzua Sopore in discharge of legally recoverable liability owed to the complainant, Ramesh Kumar Vasandani of New Delhi, by the accused.
2 accused jailed for 1 year, fined Rs 1.25 cr in cheque bounce cases
