2017 (3) TMI 821 - SCH - Indian Laws

Offence punishable under Section 138 of the Negotiable Instruments Act - Held that - We have been informed that ₹ 40000/- has been deposited by the appellant in the Courts below in the following manner - (i) ₹ 25000/- was deposited by the appellant on 16-11-2000 vide Voucher No.287890; (ii) ₹ 15000/- was deposited by the appellant on 30-1-2002. The balance amount of ₹ 35000/- has been deposited by the appellant in the Registry of this Court. It is ordered that both these amounts shall be handed over by the respective Registries to the respondent within a period of four weeks from today. Further, the appellant is granted a period of two weeks from today within which he is directed to pay a fine of ₹ 5000/-. The appeal is disposed of in the afore-stated terms.

Summary

The Supreme Court of India in 2017 convicted the appellant under Section 138 of the Negotiable Instruments Act. The appellant was fined &8377; 5000/- and ordered to pay a compensation of &8377; 75000/- to the complainant. The appellant had already deposited &8377; 40000/- in the lower courts and the remaining &8377; 35000/- in the Supreme Court registry. Both amounts were to be handed over to the respondent within four weeks. The appellant was given two weeks to pay the fine of &8377; 5000/-. The appeal was disposed of accordingly.