Excelsior Correspondent
Srinagar, Sep 3: A local court here awarded one-year simple imprisonment and fine of Rs 6 lakh to a person involved in a cheque-bounce case.
Sub-Judge Forest Magistrate Srinagar held the accused for the commission of offence punishable under Section 138 of the Negotiable Instrument Act, and awarded 1 year simple imprisonment to him and fine of Rs 6 lakh which the court said to be paid as compensation to the complainant.
“In case default of payment of fine amount, the accused shall further undergo the simple imprisonment of one year”, trial court directed.
Sub-Judge Forest Magistrate Srinagar, Manoj Parihar directed police to lodge the accused Nazir Ahmad Wani in District Jail Srinagar.
In a complaint, Muhammad Shareef Yatoo of Rambir Garh Srinagar, stated that the accused Wani had approached him in 2013 for the supply of timber (poplar trees) for Rs 30 lakhs.
The complainant had paid Rs 4.30 lakh in advance but the accused failed to supply the timber. The accused resorted to dilly dally tactics and finally to discharge his liability he issued a cheque for an amount of Rs 1.50 lakh.
When the cheque was sent for encashment at Baramulla Central Cooperative Bank, it was dishonoured as there was no cash in the account of the accused.
The complainant thus filed a complaint against the accused alleging that from the beginning, Nazir Wani had no intention to pay the amount outstanding towards him.
During trial counsel of complainant argued there was an outstanding amount that was to be paid by the accused and the documents regarding the payment from accused proved that the cheque he issued was dishonoured.
After hearing the arguments, the court held the accused guilty and awarded sentence and fine against him.
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