No judicial relief, Ahuja Constructions directors were detained in the cheque-bouncing case. -
No judicial relief, Ahuja Constructions directors were detained in the cheque-bouncing case. -
Abstract
Following their conviction in a cheque-bouncing case in March 2021, the city crime branch arrested two directors of Mumbai-based Ahuja Constructions, 71-year-old builder Jagdish Bhagwandas Ahuja and his son Gautam Ahuja, on Friday. On Friday afternoon, the two were apprehended near the Bombay High Court. Ahuja Constructions is well-known in Central Mumbai and the western suburbs for its distinctive luxury constructions. The complainant is a Breach Candy resident who filed a lawsuit against Ahuja Properties and Developers and its two directors, Jagdish and Gautam Ahuja, under Section 138 of the Negotiable Instrument Act. The complainant further said that the accused paid two quarterly interest payments on time. The cheque for the third quarterly payment of interest was returned unpaid. According to the conviction ruling, he indicated that two cheques for the fourth quarterly interest were likewise returned due to "Insufficient balance." According to property market sources, many complaints have been launched against the construction firm and its directors in various courts for alleged cheque bouncing.
