Cheque-bounce: Warrants against Deccan Chronicle Holdings directors | chandigarh | Hindustan Times
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Cheque-bounce: Warrants against Deccan Chronicle Holdings directors

chandigarh Updated: May 18, 2013 21:40 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Judicial magistrate Ashok Kumar on Saturday issued non-bailable warrants against all directors of Deccan Chronicle Holdings Limited (DCHL), including vice-chairman-cum-director and authorised signatory PK Iyer, in a cheque-bounce case.

The court issued non-bailable warrants after the directors, along with Iyer, failed to appear before it on Saturday.

The warrants were issued after the court rejected their plea seeking exemption from personal appearance in the court.

The court on March 23 had also issued warrants.

Warrants were issued against the directors after four cheques issued in the favour of Religare Finvest were dishonoured.

According to the complaint, DCHL had issued two cheques dated July 1, 2012, and another two cheques dated August 1, 2012, amounting to Rs 6 crore in favour of Religare Finvest. A criminal case under section 138 was filed after the cheques bounced.

After a complaint was also filed in a Chandigarh court, summons was issued against all directors of DCHL, including Iyer.
The case would now come up for hearing on July 30.