Bizman sent to jail for not repaying money

Vadodara: Owner of a kulfi and panipuri shop who refused to repay money he borrowed from a friend was sentenced to one year imprisonment by a court on Monday.
The court of judicial magistrate P J Raichura also ordered the convict Dinesh Sharma to pay Rs 10 lakh of which Rs 7.5 lakh will be paid to the complainant Jitendra Solanki.
Solanki, a resident of New Sama Road, claimed that he gave a loan of Rs 9.45 lakh to Sharma, who owns Rajasthan Bhel House and Rajasthan Kulfi House, in 2013.The duo had signed an agreement according to which Sharma had to repay the money within two years. Sharma had given two post-dated cheques of Rs 5 lakh and Rs 4.45 lakh to Solanki.
In June 2015, when Solanki deposited the cheque of Rs 5 lakh value, it was returned by the bank as Sharma’s bank account did not have sufficient balance. “When I asked him to return my money, he sent me a legal notice claiming that I was asking for money despite the payment being done so I sent him a counter notice and registered a case against him,” said Solanki.
“We submitted the notarized agreement regarding the transaction and could also gave evidences that the cheques given by the accused were dishonoured due to insufficient funds in his bank account,” said Solanki’s lawyer Juned Saiyed.
The court upheld the evidence and sentenced Sharma to imprisonment for one year and an additional imprisonment for 60 days if he fails to pay Rs 10 lakh.