SC seeks Sridevi's response in cheque bounce case

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New Delhi, May 5 (UNI) The Supreme court today issued a notice to Bollywood actress Sridevi in a cheque bounce case.

Film financier Madhu Gupta had filed a case against the actress under section 138A of the Negotiable Instruments Act (NIA) for bouncing of three cheques amounting to around Rs 10 crore. All the cheques were dishonoured by the bank due to insufficient funds.

The Judicial Magistrate Bombay had issued a summons to Sridevi. Meanwhile, Boney Kapoor, husband of the actress, filed a criminal complaint against Gupta with the police alleging that the cheques were forged.

The Bombay High Court had stayed the proceedings on a petition filed by the actress till the completion of police investigation.

Senior Counsel Harish Salve, appearing for Gupta, contended before a bench comprising Chief Justice K G Balakrishnan and Justice N K Sharma that if such conduct was allowed then section 138 of NIA shall go off the statute book.

The bench, however, refused to vacate the stay against the proceedings granted by the High Court.

Besides, the court also issued a notice on the stay application.

Sridevi, whose film was financed by Gupta, had issued three cheques for Rs 8.41 crore, Rs 92 lakh and Rs 32 lakh respectively to her.

UNI SC SB DS1357

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