Srinagar- A court here on Monday awarded two years imprisonment and imposed Rs six lac fine in a cheque bounce case.
The complainant stated that he paid Rs 300,000 as earnest money for a land to the accused but eventually the deal could not be concluded due to some price differences.
The accused, as per the complainant paid cheque for Rs 3 lakh dated 30 October 2018. However the cheque was returned by the concerned bank for want of sufficient funds.
Subsequently, the complainant filed a complaint with the court under Negotiable Instruments Act and section 420 of the RPC.
“…it is hereby concluded that the accused is found guilty for offence punishable under section 138 of NI Act pertaining to dishonour of cheque ….for an amount of Rs 300,000 (Rupees Three Lakh only) on account of insufficient funds in the bank account maintained by the accused,” Ahtzaz Ahmed, 2nd Additional Munsiff (JMIC) at Srinagar, said.
Hence, the court convicted the accused—Mohammad Fayaz Shah of Fatehkadal Srinagar and sentenced him to simple imprisonment at Central Jail Srinagar for 2 years.
“In addition to the sentence imposed, a fine of RS 6 Lacs is imposed on the accused which shall be payable towards the complainant in whole,” the court said, adding, “As such, the District Magistrate, Srinagar shall identify the movable or immovable properties belonging to the accused and the same shall be attached and sold under the procedure established by law.”
The sale proceeds to the tune of Rs 6 lacs shall be thereafter paid to the complainant to compensate him, the court.
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