Home / Mumbai / Mumbai News / Article / Woman found guilty in 1997 cheque bounce case, faces jail and fine

Woman found guilty in 1997 cheque bounce case, faces jail and fine

Treasa Abraham Samuel was convicted in a 28-year-old cheque bounce case. The Borivli court sentenced her to one year in jail and Rs 8.2 lakh compensation with 9 per cent interest

Listen to this article :
The court also stated that the compensation will carry 9 per cent yearly interest until the full amount is paid. Representational Pic

The court also stated that the compensation will carry 9 per cent yearly interest until the full amount is paid. Representational Pic

The 43rd Court of the Metropolitan Magistrate at Borivali has convicted Treasa Abraham Samuel in a 28-year-old cheque bounce case, holding her guilty under Section 138 of the Negotiable Instruments Act, 1881. The court sentenced her to one year of imprisonment and directed her to pay Rs 8.20 lakh as compensation to the complainant.

The court also stated that the compensation will carry 9 per cent yearly interest until the full amount is paid. If she fails to pay the money within the stipulated time, she will have to serve an additional three months in jail. As Samuel was not present when the judgment was delivered, the court issued a non-bailable warrant against her.

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement
;