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2 Bizmen Jailed For A Year, Fined ₹2cr For Cheque Bounce In ’09 | Gurgaon News

Posted on December 25, 2022 By Admin No Comments on 2 Bizmen Jailed For A Year, Fined ₹2cr For Cheque Bounce In ’09 | Gurgaon News
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GURUGRAM: A Sohna court has sentenced a father-son businessman duo from Punjab to one year of imprisonment and imposed a penalty of Rs 2 crore in an 11-year-old cheque bounce case. In 2009, the complainant, Sohna-based trader Deepak Bansal, supplied large quantities of milk to Dev Milk Specialty in Punjab, owned by Arpinder Pannu and his father Ranjit Singh Pannu. The milk was supplied between June and December 2009. After paying some amount initially, payment was delayed and they had outstanding dues of Rs 1.5 crore.On October 20, 2010, the accused duo issued a cheque of Rs 1.9 crore and the cheque was signed by Arpinder and Ranjit. The cheque was presented in the bank on October 21, 2010 but was returned as “funds were insufficient”. The complaint approached the accused, and they issued another cheque on January 5, 2011, but it again bounced. The duo then assured Bansal that the dues will be cleared in April 2011, but the cheque was returned again.On April 11, 2011, the complainant sent a legal notice. A case was filed before the Sohna court in May 2011. “The accused had dues of Rs 3.9 crore, out of which they paid only around Rs 1.1 crore,” said Rajiv Kaushik, counsel for the complainant.In November 2012, an FIR was lodged at Bassi police station in Fatehgarh Sahib in Punjab against the accused under section 420 (cheating), 506 (criminal intimidation) and 120B (criminal conspiracy) of IPC. Holding the accused guilty, sub-divisional judicial magistrate (Sohna), Kavita Yadav in an order issued on Friday said, “The convicts are sentenced to undergo simple imprisonment of one year each and to jointly pay the compensation to the complainant to the tune of Rs 2 crore.”
Source: https://timesofindia.indiatimes.com/city/gurgaon/2-bizmen-jailed-for-a-year-fined-2cr-for-cheque-bounce-in-09/articleshow/96489133.cms

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