Tag: bounce

Accused Sentenced To Four Months Imprisonment In Cheque Bounce Case

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SRINAGAR: A court in Uri has sentenced an accused to four months of simple imprisonment after convicting him in a cheque bounce case.
A case was filed by Mohammad Dawood Lone, son of Abdul Karim Lone, resident of Ramgie Uri, against Abdul Rasheed Bhat, son of Anaytullah Bhat, a resident of Ihtishampora Boniyar under Section 138 of Negotiable Instruments Act before Sub-judge Uri.
In a 22-page long order, of which the gist is produced here, the learned judge, Altaf Hussain Khan, observed that the accused is sentenced to simple imprisonment for a period of four months and a fine of Rs 12,00,000 (Rupees Twelve Lakhs only) since the accused has paid an amount of Rs 1,94,0000 (Rs One Lakh and Ninety-Four Thousand Rupees) during the pendency of the proceedings in terms of the order passed by this court under section 143-A of N.I act, and the same is set off from the fine imposed. The rest of the fine amount of Rs 10,06,000 (Rupees Ten Lakhs and Six Thousand) shall be paid by the accused to the complainant as compensation within the period of 30 days from the date of this judgment.
“With these observations, the accused is convicted of the offense U/S 138 of N.I Act. However, keeping in view the object of Negotiable Instrument Act, the financial gains which the cheque amount in question could have fetched had the payment of the amount mentioned in the cheques been made to the complainant by the accused on the due date, as the complaint in hand has been filed on 21/02/2022. The trial of the case has reached a conclusion within a span of one year and two months. Furthermore, the accused is apparently of old age and is suffering from illness. His conduct during the trial has also remained satisfactory. He has also paid the interim compensation of Rs 1,94,000 to the complainant pursuant to the order passed by this court on 06/05/2022, in the application for interim relief submitted under section 143-A of Negotiable Instruments Act and other facts and circumstances. The accused is sentenced to simple imprisonment for the period of four months and a fine of Rs 12,00,000 (Rupees Twelve Lakhs only) since the accused has paid an amount of Rs 1,94,0000 (Rs One Lakh and Ninety-Four Thousand Rupees) during the pendency of the proceedings in terms of the order passed by this court under section 143-A of N.I act, and the same is set off from the fine imposed. The rest of the fine amount of Rs 10,06,000 (Rupees Ten Lakhs and Six Thousand) shall be paid by the accused to the complainant as compensation within the period of 30 days from the date of this judgment,” the order reads. (GNS)

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( With inputs from : kashmirlife.net )

May 7, 2023
Accused Sentenced to 4 Months Simple Imprisonment As Court in Uri Convicts Him in Cheque Bounce Case

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Zaffer Iqbal
Uri, May 7 (GNS): A Court in Uri has sentenced an accused to four months of simple imprisonment after convicting him in a Cheque Bounce Case.
As learnt by GNS, a case was filed by one Mohammad Dawood Lone son of Abdul Karim Lone, resident of Ramgie Uri against one Abdul Rasheed Bhat, son of Anaytullah Bhat, a resident of Ihtishampora Boniyar under Section 138 of Negotiable Instruments Act before Sub-judge Uri.
In a 22-page long order, gist of which is produced here, the learned judge Altaf Hussain Khan observed that the accused is sentenced to simple imprisonment for the period of four months and fine of Rs 12,00000 (Rupees Twelve Lakhs only) since the accused has paid an amount of Ruppes 1,94,0000 (Rs one lakh and Ninety Four thousand Rupees) during the pendency of the proceedings in terms of order passed by this court under section 143-A of N.I act and the same is set off from the fine imposed. Rest Fine amount of Rs 10,06000 (Ruppes Ten lakh and six thousand) shall be paid by the accused to the complainant as compensation within the period of 30 from the date of this judgment.
“With these observations, accused is convicted of the offence U/S 138 of N.I.Act. However, keeping in view the object of Negotiable Instrument Act, Financial gains which cheque amount in question could have fetched had the payment of amount mentioned in the cheques been made to the complainant by the accused on due date as the complaint in hand has been filed on 212022. Trail of the case 1 too has reached to conclusion within a span of one year and two months. Further accused is apperently old age and is suffering illness. His conduct during trail too has remained satisfactory. He has also paid the interim compensation of Rs 1,94,000 to the complainant in pursuance to order passed by this court on 6-5-2022 in the application for interim relief submitted under section 143-A of Negotiable instruments act and other facts and the circumstances. The accused is sentenced to simple imprisonment for the period of four months and fine of Rs 12,00000 (Rupees Twelve Lakhs only ) since the accused has paid an amount of Ruppes 1,94,0000 (Rs one lakh and Ninety Four thousand Rupees ) during the pendency of the proceedings in terms of order passed by this court under section 143-A of N.I act same is set off from the fine imposed. Rest Fine amount of Rs 10,06000 (Ruppes Ten lakh and six thousand) shall be paid by the accused to the complainant as compensation within the period of 30 from the date of this judgment”, the order, as per GNS, reads. (GNS)
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#Accused #Sentenced #Months #Simple #Imprisonment #Court #Uri #Convicts #Cheque #Bounce #Case
( With inputs from : thegnskashmir.com )

May 7, 2023
Man Sentenced To Six Months Jail, Rs 8 Lakh Fine In cheque Bounce Case

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SRINAGAR: A local court in the Sopore area of north Kashmir’s Baramulla district sentenced a man to six months of simple imprisonment and a fine of Rs eight Lakh in a cheque bounce case.
An official said that Judicial Magistrate Ist Class Sopore sentenced the man to six months simple imprisonment in a cheque bounce case and also imposed a penalty of Rs 800000.
The accused has been identified as Ghulam Mohiddin War son of Hayaat War Of Warpora Sopore
He was sentenced to six months jail after he was found guilty of the commission of an offense under section 138 of the Negotiable Instrument Act.
“A fine of Rs 8,00,000 which is double the cheque amount was also imposed on him,” the official said—(KS)

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#Man #Sentenced #Months #Jail #Lakh #Fine #cheque #Bounce #Case
( With inputs from : kashmirlife.net )

May 6, 2023
Man gets 2-year jail in cheque bounce case

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Srinagar, Apr 08: A local court on Saturday sentenced a man to two years imprisonment in a cheque ‌bounce case and imposed a penalty of Rs 10 lakh on him.
The Court of Special Magistrate (PT&E) sentenced the accused, who was identified as Altaf Hussain Rather, to two years simple imprisonment after finding him guilty for the commission of offense under section 138 of the Negotiable Instrument Act.
“A fine of Rs 1000000 (Rupees ten lacs) which is double the cheque amount is also imposed upon the accused. The fine of Rs 1000000(Rupees ten lacs) so imposed shall be paid as compensation to the complainant,” the judge Fariqa Nazir said, in an order, a copy of which is in possession of news agency—Kashmir News Observer (KNO)—(KNO)
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#Man #2year #jail #cheque #bounce #case
( With inputs from : roshankashmir.net )

April 9, 2023
Man Sentenced To Two-Year Jail In Cheque Bounce Case

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SRINAGAR: A local court on Saturday sentenced a man to two years imprisonment in a cheque bounce case and imposed a penalty of Rs 10 lakh on him.
The Court of Special Magistrate (PT&E) sentenced the accused, who was identified as Altaf Hussain Rather, to two years simple imprisonment after finding him guilty for the commission of offense under section 138 of the Negotiable Instrument Act.
“A fine of Rs 1000000 (Rupees ten lacs) which is double the cheque amount is also imposed upon the accused. The fine of Rs 1000000(Rupees ten lacs) so imposed shall be paid as compensation to the complainant,” the judge Fariqa Nazir said, in an order. (KNO)

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#Man #Sentenced #TwoYear #Jail #Cheque #Bounce #Case
( With inputs from : kashmirlife.net )

April 8, 2023
SRH look to bounce back vs PBKS on home turf

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Hyderabad: Smarting from back-to-back defeats, Sunrisers Hyderabad will have a lot to ponder, especially addressing their batting frailties, when they take on a high-flying Punjab Kings in the Indian Premier League here on Sunday.
For a team that finished at the eighth spot in the last two editions, SRH would have hoped for a better start to the season but they ended up suffering two crushing defeats at the hands of Rajasthan Royals and Lucknow Super Giants respectively.
A poor show with the bat despite some exciting players in the line-up is the prime reason behind their failure. Sunrisers’ struggles to build partnership saw them score 131 and 121 in their two matches so far.

Losing wickets in a heap has proved to be their bane as they failed to get any momentum. If SRH was 30 for 2 in the powerplay in the first game, they managed 43 for one against LSG, only to fritter it away, slipping to 55 for 4 in nine overs.
The return of new skipper Aiden Markram too didn’t change their fate as he made a duck. The ability to play spin was behind the rise of Harry Brook but he got out to spinners in both the matches.
In the top-order, SRH tried wicketkeeper Anmolpreet Singh as an opener instead of Abhishek Sharma in their last match and he looked promising, but Mayank Agarwal and Rahul Tripathi have been inconsistent.
In fact, it took two cameos from Abdul Samad to take SRH to a decent total in the two matches. With big-hitting Heinrich Klaasen waiting in the wings, it remains to be seen what combination they go for to prop up the batting.
Afghan pacer Fazalhaq Farooqi has been most consistent for them but to be fair, the bowlers didn’t have enough total to defend, something which SRH will have to fix at the earliest.

Punjab, on the other hand, are soaring high after two comprehensive wins.
If Kolkata Knight Riders were beaten by seven runs via DLS at Mohali, Rajasthan were crushed by five runs in Guwahati as Punjab produced a fine display of their bowling and batting prowess.
Captained by the experienced and calm Shikhar Dhawan, PBKS rode on their superior batting, led by their Indian players, to put up 190-plus scores and then defended the totals with Arshdeep Singh producing the goods in the two matches.
Dhawan has led from the front with two fifties, while Prabhsimran Singh and B Rajapaksa raised their hands when needed as the top order has looked solid.
Among foreign recruits, Nathan Ellis was sensational against RR in the last match but pace bowling all-rounder Sam Curran — the most expensive buy ever in IPL history at Rs 18.50 crore — has so far leaked a lot of runs.
However, on paper PBKS has the edge and it will take a special effort from SRH to outwit them at their own den.
Teams (from):
Sunrisers Hyderabad: Bhuvneshwar Kumar, Abdul Samad, Abhishek Sharma, Mayank Agarwal, Anmolpreet Singh, Harry Brook, Mayank Dagar, Fazalhaq Farooqi, Akeal Hosein, Kartik Tyagi, Heinrich Klaasen, Mayank Markande, T Natarajan, Nitish Kumar Reddy, Glenn Phillips, Adil Rashid, Sanvir Singh, Rahul Tripathi, Umran Malik, Vivrant Sharma, Samarth Vyas, Washington Sundar, Upendra Yadav.
Punjab Kings: Shikhar Dhawan (c), Arshdeep Singh, Baltej Singh, Raj Bawa, Rahul Chahar, Sam Curran, Rishi Dhawan, Nathan Ellis, Harpreet Brar, Harpreet Singh, Vidwath Kaverappa, Liam Livingstone, Mohit Rathee, Prabhsimran Singh, Kagiso Rabada, Bhanuka Rajapaksa, M Shahrukh Khan, Jitesh Sharma, Shivam Singh, Matthew Short, Sikandar Raza, Atharva Taide.
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#SRH #bounce #PBKS #home #turf
( With inputs from www.siasat.com )

April 8, 2023
Cheque Bounce New Rule: This small mistake will cause big loss

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Cheque Bounce Rule: If you also pay through cheque, then it is very important to take care of many things. Otherwise, if the Cheque bounces, you may have to go to jail along with the fine. Cheque bounce is considered a legal offense in the language of the court. In this, a provision has been made for punishment under the Negotiable Instruments Act of 1881.
When does a Cheque bounce?
When a bank rejects a Cheque for some reason and the payment is not made, it is called Cheque bounce. The reason for this happening is mostly due to lack of balance in the account. Apart from this, even if there is a difference in the person’s signature, the bank rejects the cheque.
Reasons for Cheque bounce

– Payee’s bank account does not have sufficient funds
– Signature does not match
– Account number does not match
– Cheque issued with date
– Amount does not match in words and figures
– Mutilated Cheque
– overdraft limit
What happens after a Cheque bounces?
When the Cheque bounces, the person giving the Cheque has to inform about it. After which he has to pay you within 1 month. In case of not doing so, a legal notice is sent to the person. Even after that, if no reply is given for 15 days, then a case is registered against him under Section 138 of Negotiable Instrument Act 1881. Under the Negotiable Instruments Act, 1881, the person can be prosecuted and the Cheque drawer can be punished for up to two years.
How long is the Cheque period?
Cheques, bank drafts are currently valid for 3 months from their issue.
Why are they valid only for 3 months?
It is common banking practice to dishonor a Cheque older than 3 months. This practice is for the protection of the person who has written the cheque, as there is a possibility that the payment may have been made through some other means or the Cheque may have been lost or stolen.
Keep these things in mind before issuing a cheque-
Whenever you give a Cheque to someone, make sure that you have money in your account.
Apart from this, the person taking the v should get it cashed within three months.
Whenever you pay someone with a cheque, avoid giving more space between words and figures regarding the name and amount.
Whenever you sign a bank cheque, remember that you have to sign in the same way as it is already recorded in the records of the concerned bank branch.
Whenever you pay someone through a bank cheque, make sure to note down the details of the Cheque like Cheque number, account name, amount and date.
Always issue account payee cheques.
The signature on the Cheque should be registered with the bank.
– Fill in the information on the check carefully and correctly.
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#Cheque #Bounce #Rule #small #mistake #big #loss
( With inputs from : kashmirpublication.in )

March 24, 2023
Cheque Bounce Rules: There can be a big change in the rules

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Cheque Bounce New Rules: If the government implements new rules following the recommendations made by the expert committee, then there will be a reduction in Cheque bounce cases.

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New Delhi: Cheque Bounce New Rules: When you open a bank account, you are given many facilities. In which apart from Debit Card, Credit Card, Cheque Book, many other facilities are included. If you make payment through Cheque book then this is important news for you. Transaction of money through Cheque book has become very common. This is the reason why the cases of Cheque bounce are also increasing continuously. In such a situation, the Central Government can make major changes in the rules to reduce the increasing cases of Cheque bounce.
These suggestions were received regarding the change in the rules of Cheque bounce
According to media reports, the government may soon implement the new Cheque bounce rules. Regarding this, the government has also formed an expert committee of the Supreme Court. This committee has made several recommendations to the government. Apart from this, a high-level meeting was also organized by the Finance Ministry recently. During this, many suggestions have been received regarding the change in the Cheque bounce rules. After considering these suggestions, the government can implement it as a new Cheque bounce rule.

Finance Ministry is considering these steps
Under the rule of Cheque bounce, the Finance Ministry can take strict steps like deducting money from other bank accounts if there is not enough balance in the account of the Cheque issuing customers. Now you are making payment through cheque book, sufficient amount should be available in your bank account. If this does not happen then strict legal action can be taken against you (Cheque Bounce penalty). Along with this, many other steps are being considered including banning the opening of new bank accounts of the Cheque issuer in such cases.
Let us tell you that if the government accepts the recommendations made by the expert committee, then there can be many major changes in the cheque bounce rules. So let us tell you about it…
In case of cheque bounce, payment will be done from another bank account.
The biggest change that can be seen in the new rules is that now if you issue a cheque for payment and there is no money in your bank account, then money will be deducted from your other bank account for payment. . Till now it is happening that even if there is no money in the bank account, if you pay through cheque, then your cheque bounces directly. Now this rule will reduce the cheque bounce case.
There will also be a ban on opening new bank accounts
On the other hand, if your cheque bounces after the implementation of the new rule, then in such a case you will not be able to open a new bank account. Cheque bounce can also be seen as loan default. This is the reason why you will not be able to open your account in any other bank. Not only this, it will also affect your CIBIL score and in future, if you want to take a bank loan, then you may have to face a lot of problems.
Will there be any change in cheque bounce penalty?
However, there is no possibility of change in the new rules regarding cheque bounce penalty. At present, there is also a provision of punishment in the rules of cheque bounce. Under this, in case of cheque bounce, if a case is registered against the issuer of the cheque, a fine (Cheque Bounce Charges) can be imposed on him. In such a situation, the issuer of the cheque may have to pay twice the amount of the cheque payment to the other party. Along with this, there can also be a jail sentence of 2 years.
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( With inputs from : kashmirpublication.in )

February 16, 2023
Singapore tourism expects to bounce back to pre-Covid level by 2024

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Singapore: Driven by strong demands from key markets like India, Indonesia and Malaysia, the Singapore tourism sector recovered strongly in 2022 to exceed the Singapore Tourism Board’s (STB) original forecast of 4 to 6 million visitors last year.
Last week, STB revealed that tourist arrivals to Singapore reached 6.3 million in 2022 led by Indonesia with 1.1 million visitors, followed by India at 686,000 visitors while 591,000 residents of Malaysia came to Singapore on visitor passes in 2022. In a statement, it added, “barring unexpected circumstances, tourism activity is now expected to recover to pre-pandemic levels by 2024.”
When the final numbers are in, tourism receipts (TR) are expected to reach between SGD 13.8 to 14.3 billion (USD 10.5 to 10.8 billion) which is 50 to 52 per cent of the pre-pandemic level achieved in 2019.
TR reached SGD 8.96 billion (USD 6.8 billion) between January to September 2022. The top TR-generating markets were Indonesia, India and Australia, which contributed SGD 1.1 billion, SGD 704 million, and SGD 633 million respectively, excluding sightseeing, entertainment and gaming.
One of the key measurements for the tourism industry is the length of stay. Singapore is a small island that has in the past been challenged to increase the attractiveness of the city as a destination for travellers. In 2019 which was the last year before the COVID-19 pandemic, the average length of stay was 3.36 days.
However, in the latest figures released, visitors appear to be spending more time in Singapore compared with the period before the pandemic.
For the last three quarters of the year (April-December 2022) when Singapore no longer required quarantine for fully-vaccinated travellers, the average length of stay was approximately 4.81 days. Indians stayed an average of 8.08 days, which is almost twice the overall average length of stay.
Indian visitors to Singapore are also generally more youthful. For Indian residents, those aged between 25 to 34 form the largest group of visitors in 2022 with 199,940. Those between 35- and 44 years old form the second largest group with 151,300, while those aged from 45 to 54 are third biggest with 82,340.

Two of the key factors which increased the post-pandemic appeal of the country were the focus on bringing more events to Singapore and new attractions.
Following the easing of border restrictions in the second quarter of 2022, the number of MICE (meetings, incentives, conferences and exhibitions) events grew exponentially as the city was one of the first in the region to fully reopen.
Marquee international events returned to Singapore, including Food and Hotel Asia – Food & Beverage and Food and Hotel Asia – HoReCa, which took place as two dedicated trade shows for the first time, ITB Asia, and Singapore Fintech Festival, which attracted a record turnout from over 115 countries. STB also secured new events like FIND: Design Fair Asia as well as Global Health Security Conference 2022 and the 14th World Stroke Congress.
Sports and leisure events also recovered strongly. The Singapore Formula 1 Grand Prix was held for the first time in three years in 2022 and drew a record crowd of 302,000, half of which were from abroad. Other events include the Tour de France Prudential Singapore Criterium (held for the first in Southeast Asia), the Singapore Food Festival, Christmas Wonderland, Christmas on A Great Street at Orchard Road, the Marina Bay Singapore Countdown and ZoukOut Singapore.
Singapore also ramped up new attractions and experiences during the pandemic to attract more foreign visitors. These include the Children’s Museum Singapore; Avatar: The Experience at Gardens by the Bay, Sentosa’s Night Luge, Scentopia, Wings of Time and Central Beach Bazaar; a new gallery at ArtScience Museum’s Future World: “Exploring New Frontiers”; A Minion’s Perspective Experience at Resorts World Sentosa; Mr Bucket Chocolaterie at Dempsey; and the Singapore Night Safari’s new amphitheatre and refreshed Creatures of the Night show.
STB expects the tourism sector to continue its growth momentum this year, on the back of increasing flight connectivity and capacity, and China’s gradual reopening. International visitor arrivals are expected to reach around 12 to 14 million visitors, bringing in approximately SGD 18 to 21 billion (USD 13.6 to 15.9 billion) in tourism receipts – around two-thirds to three-quarters of the levels in 2019.
New or refreshed attractions are also planned for 2023, such as Bird Paradise @ Mandai Wildlife Reserve, and new experiences in Orchard Road such as the Trifecta integrated sports facility. STB will also support business and leisure events monetary over the next two years.
Keith Tan, Chief Executive, STB, said: “Our 2022 tourism performance underscores Singapore’s appeal as a leading business and leisure destination for post-pandemic travellers. To sustain our growth in 2023 and beyond, we will expand our partnerships, build up a rich year-round calendar of events, ramp up investment in new and refreshed products and experiences, and continue to support industry efforts to build the capabilities they need to meet consumer demands.”
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( With inputs from www.siasat.com )

January 23, 2023