Thane Businessman Gets 1-Year Jail, Rs 20 Lakh Fine for Bounced Cheques

Nitin Tawade, a Thane businessman, has been sentenced to one year in jail and fined Rs 20 lakh for issuing four bounced cheques totaling Rs 10 lakh. The court emphasized protecting the financial interests of a minor girl involved, warning that failure to pay the fine would result in an additional six months of imprisonment.