Bounced cheques: Court fines are double the dues

Ahmedabad | Wednesday | 12th December, 2018

Summary:

The court issued a warrant against him for his absence during the trial and on assurance that he would attend proceedings, the court decided to hear him. He issued a cheque to Momin, but it was not honoured due to insufficient funds in his bank account. After his legal notice went unanswered, Momin sued Shaikh in the metropolitan court under section 138 of the Negotiable Instruments Act.Shaikh was irregular in attending court proceedings. In 2015, he obtained a loan of Rs 3 lakh from his neighbour, Thakur Meghraj Jaukhani, who now lives in Spain . The cheque he had drawn was of Rs 7.35 lakh..