Delhi High Court Issues Final Warning to Rajpal Yadav in Cheque Bounce Case
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Mumbai, March 18 (NationPress) The esteemed Delhi High Court has granted actor Rajpal Yadav a final opportunity regarding his cheque bounce case.
On Wednesday, the court inquired if Yadav had indeed borrowed the funds, to which he affirmed positively. The judge reminded him that he had been afforded multiple chances but had not adhered to the court's directives. During his defense, Rajpal Yadav recounted that in 2016, an amount of Rs 10 crore 40 lakh was to be returned. He presented documentation for a friend's property valued at Rs 28 crore, insisting that he had repaid the funds.
To provide context, Yadav was accused by Murli Projects Pvt Ltd for failing to repay the loan. He stated that the opposing party was not interested in recovering the money but rather sought his imprisonment. He asserted that he had already served his sentence and that the matter should be resolved since he had complied with legal requirements. Furthermore, he clarified that Rs 22 crore was invested in the film, not Rs 5 crore as claimed by the other party, resulting in a loss of Rs 17 crore.
His legal counsel indicated that a regular bail application had been submitted, as the interim bail set to expire on March 18. To date, Rs 4.25 crore has been paid to Murli Projects Pvt Ltd, with a demand draft of Rs 25 lakh being processed today.
The court emphasized that this was the final reminder for Yadav to return the money, after which the case would conclude.
Rajpal Yadav has encountered legal challenges under the Negotiable Instruments Act, 1881, as the court found him guilty of non-payment related to a financial dispute. Such cases arise when cheques are dishonored due to insufficient funds, incurring criminal penalties.