Srinagar: A local court on Friday convicted a man from Kokernag in a cheque bounce case and sentenced him to one year in jail. He was also ordered to pay a compensation of Rs 8 lakh to the complainant.
The complainant, Bashir Ahmad Dar, had filed a complaint under section 142 of the Negotiable Instrumental Act (NI Act) against the accused Abdul Hameed Bhat of Aadigam, Kokernag for issuing a post-dated cheque of Rs 6 lakh which bounced at the bank.
The case diary reveals that Hameed owed Rs 6 lakh to Bashir for which he issued post-dated cheques to him that bounced at the bank.
Hameed was convicted by court of Chief Judicial Magistrate Srinagar of offence under section 138 of the Negotiable Instrument Act and sent to central jail Srinagar for the sentence.
Advocate Ishtiyaq Ahmad Khan, who represented the complainant, told Kashmir Reader that the order would “go in a long way to curb the menace of issuing cheques with fraudulent intentions and shall also ensure that checks are genuinely issued and are cashed by the holders without falling prey to the designs of the fraudsters and tricksters”.