x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Bingo! Sajad's PC not invited by CEO to discuss Polls | For electoral politics, NC, PDP support anti-nationals in courts | District Level Mock Youth Parliament organized | J&K Police vanquish J&K Academy in tie breaker | DPS Nagbani holds Yoga Competition | FOB organizes Swachhta Action Plan at Kalakote | Bharti Foundation organizes workshops on counseling skills | JKSABBA to organize Body Building Championship | Ration for APL, but not for BPL families as TSO Kishtwar embezzles 2500 Quintals of BPL ration | Lab Technician denies receiving money for carrying out investigations | Center to build World's largest Solar Energy Power Plant in Jammu and Kashmir | Chowdary Ghulam Hassan joins Manvadhikar National Party | Nagar Kirtan taken out at Vijaypur | CTA discusses issues regarding filling up posts of APs | Congress leader conducts tour of Billawar constituency | Horticulture Department to organize Divisional Level mega event | NSS Unit, SMVDU Temporary deployment at SMVD Shrine Board | Non-Gazetted Forest official association held protest over pending demands | Union, state governments yet to act on 1987 SC suggestions | Clueless BJP says 'it never compromised on core issues' | PDP 'rebel' likely to join NC | Class XII topper dropped under SAARC quota | Kumar listen to people's issues at Jammu | FD official `takes' money for posting of Inspectors, SIs | Palm Island Mall in soup | Projected as 'savior', Talib Husain turned out to be a criminal | Govt discriminating against Jammu in Sports | Nagri Town library in a shambles | ReT regularization against regular posts irks teachers | Jat Biradari delegation call on Chairman Commission for Backward classes | Ombudsmen MGNREGA seeks details of purchased TV sets | `SA in ZEO Thatri forges service books' | State tax team raids defaulters | Civilian injured in Pak firing along LoC | Tehsildar booked for causing loss to state exchequer | Govt orders transfers, new postings in administration | Army 'celebrates' terror crackdown but Omar Abdullah 'begs to differ' | Petitioner not to be replaced by any other contractual appointee: HC | Minimum temperatures rise in most parts of Kashmir | HC asks police not to issue appointment orders to 482 SIs, seeking entire selection record | Court initiates proceedings against prosecutrix for perjury | 3 Policemen injured after terrorists lobbed grenade on security forces | Khair growing farmers exploited by Forest Deptt-Industrialists nexus: Harsh | JKECA alleges fraud from EMC limited | Safai Karamcharis protest in front of Municipal office Jourian | Political initiatives and military operations must go together | For Shah Faesal it is time to smell the coffee | Social justice for weaker section | Restore human values and prevent violence against women | Back Issues  
 
news details
CCB defaulter gets 3 months imprisonment, Rs 2.5 lakh fine
8/25/2018 11:02:12 PM
Early Times Report
Jammu, Aug 25: Tightening the noose around the habitual defaulters, the City Judge Jammu convicted a loan defaulter of Citizen's Co-operative Bank Ltd branch Channi Himmat Jammu for 3 months imprisonment along with a fine of Rs 2.5 lakh under section 138 NI Act.
As per court order, Aditya Bakshi son of Swadesh Mitter Bakshi was convicted for not re-paying a car loan of Rs 4.63 lakh which was availed by him in 2014. Aditya Bakshi had issued a cheque to bank for Rs 1.91 lakh but same was dishonored and subsequently bank filed a suit against him in the court of City Judge Jammu through advocate Rajinder Singh.
The court observed that statement of the accused Aditya Bakshi which appeared to be confessional in nature, because the accused has admitted all allegations against him viz that accused obtained loan for purchase of the car to liquidate the part liability towards the complainant, accused issued a cheque bearing No. 069874 dated 06.03.2017 for amount of Rs 1. 91 lakh. Further, the cheque so issued by the accused was presented by the complainant bank with the banker of the accused and same got dishonored on the count of reason "Funds Insufficient" consequent upon demand notice dated 11.03.2017 was served upon the accused by the complainant bank whereby and where under the accused was asked to make payment of Rs 1.91 lakh within 15 days from the date of receipt of said notice. The accused having received the said notice failed to make the payment to the complainant bank. Thus all the ingredients of section 138 NI Act are satisfied and as consequence of which, the accused is liable to be convicted as such.
The order further reads that accordingly and in view of the above, the accused is hereby convicted u/s 138 NI Act and sentenced to undergo simple imprisonment for period of three months and fine to the tune of Rs 2.5 lakh payable to the complainant as compensation. Accused present in the court be taken into custody and be sent to District Jail Ambphalla, Jammu to suffer imprisonment. The copy of the order be provided to the accused free of costs.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU