SRINAGAR, DEC 28: In three cases of cheque bounce, a court in Srinagar has sentenced a man to two years in jail and directed him to pay over Rs 85 lakhs, one and half the dishonoured amount.
According to the complainants, dealing with gold and ornaments, the accused person had purchased various items from their shop and issued various cheques. However, all the cheques were dishonoured and returned to the complainants without payment by the concerned bank.
Subsequently, the complainants filed complaints in terms of Section 138 of the N.I. Act in 2015.
“The complainant has been able to prove the commission of offence under section138 by the accused Hilal Ahmad Khan ….R/O Hussani Public School, Industry Area H.M.T Batamaloo, Srinagar for which the accused is hereby convicted,” said Third Additional Munsiff, Moneer Ahmad, adding, “since by commission of the offence the accused person has dragged the complainant to litigation which is pending for the last more than seven years.”
Consequently, the court ordered that the “accused is punished for two years of simple imprisonment and he is fined Rs 37,50,000, which is one and half of the cheque amount to be payable to the complainant.”
The court also convicted and sentenced the accused to 2 years in jail in another case and fined him Rs 22,50,000, one and a half of the cheque amount.
Similarly, the court also sentenced the accused to 2 years in jail and imposed Rs 22,50,000 (one and a half of the cheque amount) in the third case. “In case the accused fails to pay the fine so imposed the complainant would be free to choose any remedy available under law to recover the same, including issuance of levy warrant against the accused person,” the court added.
