Srinagar, Oct. 25 -- A Srinagar court has convicted one Bashir Ahmad Bujal in a cheque dishonour case directing him to pay Rs 93 lakh, and sentenced him to one year of simple imprisonment.

The judgment was delivered by Judicial Magistrate/Sub-Judge Srinagar, Junaid Imtiaz Mir, in a complaint filed by Naseer Ahmad Ratta under Section 138 of the Negotiable Instruments Act, 1881.

According to the judgment, Ratta and Bujal had been involved in the purchase and sale of land and properties for several years.

The complainant alleged that following a settlement of accounts between them, Rs.46.50 lakh became payable to him.

To discharge the alleged liability, Bujal issued a cheque bearing number 563644 for Rs.46.50 lakh, drawn on J&K Bank's Br...