138 OF N.I.Act., One Year Sentence With Fine of Rs. 80,000/-

138 OF N.I.Act., One Year Sentence With Fine of Rs. 80,000/- 24 Jan 2009, 2300 hrs IST, TNN KANPUR: Metropolitan magistrate, Kanpur Nagar, Ravindra Kumar Gupta, on Saturday, convicted a property dealer identified as Rizwan Khan, under Negotiable Instrument Act and sentenced him with one-year imprisonment and also imposed a fine of Rs 80,000. The judge said that complainant would receive a sum of Rs 75,000 from the fined amount while remaining Rs 5,000 would be deposited in the state government's account. Preeti Gupta had given a sum of Rs 50,000 to Rizwan on March 2006 as advance to purchase a property. When Rizwan failed to provide Preeti a property, he returned the amount to her through a cheque on August 23, 2006. The cheque bounced as there was no sufficient money in the account of Rizwan. The complainant sent a legal notice to Rizwan which was duly served on him but he neither replied nor paid the amount. During the trial, he admitted that he had received a sum of Rs 50,000 for purchasing the shares but returned the sum by a cheque. The presiding judge found him guilty under Section 138, Negotiable Act and punished him accordingly.

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