Jammu, November 03: Special Municipal Magistrate Jammu Manoj Parihar had awarded 1 year imprisonment and fine of Rs 7.40 lac to Bal Krishan Sharma in cheque bounce case.
The accused issued two cheques bearing no. 008440 dated 24-12-2008 for Rs. 4.00 lac and No. 008441 dated 05.1.2009 for Rs. 3.40 lac both drawn on Central Bank of India, Talab Tillo Branch Jammu. The said cheques were returned.
Thus accused is convicted for the commission of offence under Section 138 of Negotiable Instruments Act. The accused is sentenced to undergo the simple imprisonment of one year and fine to the tune of Rs. 7.40 lac and in case default of payment of fine amount, the accused further undergo the simple imprisonment for one year.