Archive · 11 Jun 2025
Businessman Jailed for Cheque Bounce, Fined Rs 10 Lakh
A businessman in Thane, India, took a loan and later gave cheques to pay it back.
However, the cheques bounced because the account was closed.
The businessman didn't pay the money despite a legal notice.
The court sent him to jail for a year and ordered him to pay a fine of 10 lakh rupees to the person he owed the money to.
If he doesn't pay the fine, he will have to spend six more months in jail.
A Thane businessman was sentenced to one year in prison.
The case involved a bounced cheque from 2018.
The court imposed a fine of Rs 10 lakh.
The fine is to be paid as compensation to the complainant.
The businessman claimed the cheques were for security.
- Who
- A businessman
- What
- Businessman sentenced to prison for cheque bounce case.
- When
- 2018 (Cheque Bounce), June 11, 2025 (Sentencing)
- Where
- Thane, India
- Why
- Businessman failed to pay on dishonored cheques, causing loss to complainant.
Businessman's Defense
Court's Findings
Nature of Cheques and Notice
Businessman's Defense
The cheques were issued to settle a debt, and a legal notice was issued.
Court's Findings
The cheques were for security, and the legal notice was not received.
- Sentence
- 1 year
- Fine
- Rs 10 lakh
- Reason for Sentencing
- Cheque bounce
- Case Date
- 2018
