April 19, 2024

Punishment in Check Bounce Case

  On 18-04-2024, local judicial court verdict (judgment) was given by Bhadrachalam Judicial Magistrate Mr. K. Suri Reddy in void check case. Imprisonment for 6 months and compensation of Rs.4,00,000/-four lakhs to be paid to the complainant within one month from today or further imprisonment for another month. According to the facts of the case, the accused Varaka Srinivas s/o Acchaiah, private employee, R/o Etapaka, had taken a loan of Rs 4,00,000. In 2016, the lender deposited the check in the bank due to the non-repayment of the defendant's money. And filed a complaint through the advocates Mr. Padavala Srinivas and Mr. Pamaraju Tirumala Rao. After a lengthy trial, the accused Varaka Srinivas was found guilty after a long trial, and the Bhadrachalam Judicial First Class Judge Mr. Suri Reddy sentenced him to six months imprisonment and four lakhs as compensation. He ruled that the two who did not pay would be sentenced to one more month in addition.


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