Srinagar, June 27 -- A city court sent a person to one year imprisonment besides imposing on him financial penalty for issuing a cheque to a borrower which bounced for insufficient funds in his bank account.

Disposing of the cheque bounce case instituted on June 27, 2016, the Court of City Judge, presided over by Abdul Bari convicted one M Shoiab Malik S/o Dr Nazir Ahmad Malik of Nowshera Srinagar for the commission of the said offence under Section 138 of Negotiable Instruments (NI) Act.

The man had taken a loan of Rs three lakhs from Fayaz Ahmad Wani, a former General Manager of State Industrial Corporation (SIDCO). Shoiab claimed that Wani was his sleeping business partner.

Judge Bari after hearing the counsels of the parties and pe...