Chandigarh, April 21 -- A local court has convicted a company director in a cheque dishonour case involving Rs.43 lakh and sentenced him to one year of rigorous imprisonment.

Judicial magistrate first class Jasbeer Singh, in an order dated April 17, held the accused, Amarjeet Singh, director, Light Air Transmission Private Limited, guilty under Section 138 of the Negotiable Instruments Act.

The complaint was filed by Color Advertisers, a proprietorship firm based in Zirakpur, through its owner Rahul Sharma.

As per the complaint, the firm had invested Rs.53 lakh in Singh's company between 2017 and 2018 through a series of investment agreements.

When the amount was not returned, both parties entered into a compromise deed dated April 26...