Actress Sridevi in soup over Rs 10-crore cheque bounce
Bollywood actress Sridevi is in news for the wrong reason this time. The actress was dragged to the Supreme Court on Wednesday by a financier who alleged that her Rs 10-crore cheque bounced when he presented the same to a bank.entertainment Updated: Apr 24, 2008 13:34 IST
Bollywood actor Sridevi is in news for the wrong reason this time. She was on Wednesday dragged to the Supreme Court by a financier who alleged that her Rs 10-crore cheque bounced when he presented the same to a bank.
Mumbai-based raw photo film suppliers and financiers - GG Photo Ltd, Photo Film Industries and Foto Industries - approached the apex court challenging a Bombay High Court order that stayed criminal proceeding initiated against Sridevi in the case.
Madhu Gupta and Sushil Gupta, the owners of the three firms, alleged that the three cheques issued by the actress against a loan for production of films bounced due to insufficient funds in her account in Vijaya Bank, Santacruz branch.
"The accused in the course of her business under different banners have availed financial assistance and credit facilities from the petitioner. The accused to discharge her legally enforceable liability gave these cheques and all the three cheques were returned due to insufficient funds," the petition filed through K K Mani stated.
The Kurla Metropolitan Magistrate's court, on a criminal complaint filed by Guptas, had issued summons against the actress under Section 138 of the Negotiable Instruments Act.
In a counter complaint with the Juhu police station, Sridevi had alleged that Guptas had forged her signatures on blank cheques given to them her husband Boney Kapoor during some transactions. However, she had denied that neither Boney nor she had issued any signed cheques.
The Bombay High Court on March 26 this year while staying the proceedings in the Metropolitan Magistrate's court had directed the suburban Juhu police to complete the probe within three months into the forgery case filed by Sridevi.