A non-bailable arrest warrant has been issued by a lower court in the City directing the inspector of police concerned in Mumbai to produce before it a businessman in connection with a cheque-bounce case.
The NBW, issued by the Metropolitan Magistrate (FTC-I) in Egmore, through the Mumbai City Police Commissioner, directed the cop to produce Sudhir Jhunjhunwala of Santacruz (West) before the court on January 25, 2013. The magistrate was passing orders on a complaint from S Mohan Kumar of Choolai, a financier.
According to complainant, Sudhir had borrowed `50 lakh from him in February, 2010. As repayment, Sudhir issued two cheques for Rs 25 lakh each in March 2011. When the cheques were presented to the Axis Bank they bounced with the endorsement ‘insufficient funds’.
After Mohan Kumar filed the complaint with the Egmore court, they issued the NBW last month.
In another case, the judge issued bailable warrant against Ramesh, proprietor of Rammag Foundations in Alwarpet, directing the local police inspector to produce him before the court on January 28, 2013.
In this case, Ramesh borrowed Rs 1 crore from Mohan Kumar in June, 2010 and issued a cheque for repayment of the amount in March 2011. However, the cheque bounced. Hence, the present complaint.