J&K: Court Directs For Rs 15 Crore Compensation In Cheque Bounce

Srinagar, August 10:  Judge Small Causes Srinagar presided by Fayaz Ahmad Qureshi while disposing off the interim application of complainant-Shafeeq Ahmad Mir of Pampore directed the accused Bilal Hassan Anim of Hyderpora Srinagar and Safdar Ali Wani of Hawal Srinagar to pay interim compensation of amount Rs 15 crores in lieu of Rs 100 crores cheque bounce to the complainant-Mir within 60 days.

Court said there is a presumption of law that the cheques have been issued for legal enforceable debt and therefore, at this stage, this court shall raise same presumption that the accused persons have issued these cheques to the complainant and it is a fact that the trial of the case is going on which shall take further time in its disposal and prima-facie the complainant has made out a case.

"Therefore, interim application is allowed and the accused persons are directed to pay interim compensation amount to the extent of 15% i.e to say Rs 15.00 crores as cheques are for an amount of Rs. 100.00 crores”, read the order.




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