Srinagar, Mar 3: A local court in Sumbal has sentenced a man to one year of imprisonment and imposed a fine of Rs 12 lakh in connection with a cheque bounce case.
The case involves two cheques issued by the accused, a resident of Kathpora Hajin, Bandipora, to the complainant for an amount of Rs 8 lakh.
As per the court order, the cheques, numbered 418204 (dated 03.05.2017) and 418214 (dated 05.05.2017), were drawn from the accused’s account at J&K Bank’s Hajin branch. However, when presented for clearance on 17.05.2017, both cheques were returned due to insufficient funds.
The order further mentions that a legal notice (No. 27/2017) was sent to the accused on 22.05.2017, instructing him to settle the amount within the specified time. The notice was received by the accused’s brother on 24.05.2017, as confirmed by an acknowledgment from the Sumbal Post Office. Despite receiving the intimation, the accused did not make the required payment.
The court, in its verdict, observed, “The accused failed to fulfill his financial obligation despite being given multiple chances. The dishonor of the cheques has been clearly established, and the complainant has successfully proven his case under Section 138 of the Negotiable Instruments Act.”
Following the judgment, the accused has been sentenced to one year of simple imprisonment and ordered to pay Rs 12 lakh as compensation to the complainant. The order also states that failure to pay the fine will result in additional imprisonment as per legal provisions.
The court emphasized that the ruling serves as a strong measure against financial misconduct and upholds justice for those affected by cheque dishonor.
