In Anantnag District of South Kashmir, The Court on Saturday sentenced a man for two years imprisonment in a cheque bounce case and directed him to pay Rs.26 lakh compensation to the complainant.
The Court of Judicial Magistrate, Fayaz Ahmad Qureshi, Anantnag, said the accused Syed Fareed Ahmad of Nowgam Verinag has violated object of law on negotiable instruments.
The accused shall undergo 2 years imprisonment comprising, one-year rigorous imprisonment and one-year simple imprisonment, court added.
He shall pay Rs 26 lakh to the complainant as compensation, which is double the cheque amount he had issued. The amount of compensation shall be paid by the accused within one month from the date of this judgment failing which it shall be recovered in accordance with law, court said.