Man sentenced to jail, fined for bounced cheque

Bijnor: A man was sentenced to two years imprisonment and a fine of Rs one lakh was imposed on him by a local court here in a dishonoured cheque case.

Additional Chief Judicial Magistrate Manisha held Rishi Pal guilty on Saturday after a case was filed by Pitambar Singh, Managing Director of Pantjan Sadbhavna Finance and Investment Company Private Limited, prosecution sources said here.

Singh had filed the suit against Pal, who had taken a loan of Rs 62,000 from his company to purchase a jeep for his son, they said.

The cheque of the amount of Rs 91,635 which Pal later issued to the company was dishonoured by the bank on account of insufficient funds, they said.

Pal was asked by the court that the fine of Rs 1 lakh be paid to the plaintiff as compensation, failing which the accused would have to serve an additional term of two months in jail.

Source: Financial Express