back to top

Call us at : 011 4106 5208 / +91-7011197831

Mr. Shashi Kant Chaurasia Arrested for Defrauding Advertising Firm

Mr. Shashi Kant Chaurasia Arrested for Defrauding Advertising Firm

[09-05-2024], [Navi Mumbai] – In a significant development, Mr. Shashi Kant Chaurasia owner of Spider Realty has been apprehended by law enforcement agencies for allegedly duping the advertising firm, MDS Digital Media Private Limited, of a sum of Rs 4,00,000/-. Jain Law Partners LLP represented MDS Digital Media in the litigation against Shashi Kant Chaurasia.

Mr. Chaurasia was convicted by judgment dated January 10, 2024 of Judicial Magistrate First Class, at Belapur (“The Judgment”) in Summary Criminal Case No. 2358 of 2022 filed under Section 138 of the Negotiable Instruments Act, 1881. Under the Judgment, court convicted the offender Mr. Chaurasia under Section 255 (2) of the Code of Criminal Procedure 1973 for offenses punishable under Section 138 of the Negotiable Instruments Act, 1881, and imposed a fine of Rs. 4,00,000/- (Rupees Four Lakhs Only) to be paid to the Applicant within two months from the date of pronouncement of the Judgment.

However, despite the lapse of the stipulated period of two months, Mr. Chaurasia failed to fulfill the direction for the payment of the prescribed fine. Consequently, as per the provisions of the law, a warrant for the execution of the sentence was issued against Mr. Chaurasia, which led to his eventual arrest.

Mr. Abhishek Singh, MD & CEO of MDS Digital Media, expressed his gratitude to the law enforcement agencies for the swift action. He added “as the legal proceedings unfold, MDS Digital Media remains steadfast in its dedication to serving its clients with integrity and trustworthiness. The company extends its gratitude to the authorities for their swift action in apprehending the suspect and looks forward to a resolution that upholds justice.”

Mr. Kunal Lunawat, Co-Founding Partner of Jain Law Partners LLP  said “the arrest of Mr. Chaurasia sends a strong message to perpetrators of financial crimes and highlights the unwavering resolve of law enforcement agencies to combat such illicit practices. It underscores the importance of accountability and the imperative need to ensure the protection of businesses from fraudulent schemes.”

Watch this space for further updates of this case.

Add Business Connect magazine to your Google News feed

Read Also:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Startup's

Taksha Smartlabz

Taksha Smartlabz EDUCATION FOR ALL: Transforming Lives And Careers With the world sheltering itself inside their houses in a bid to escape from the virus, online education has been seen becoming...

Stock Market

Person of the month

Related Articles

Former Bihar Deputy Chief Minister Sushil Kumar Modi Succumbs...

Former Bihar Deputy Chief Minister Sushil Kumar Modi Succumbs to Cancer on May 13, 2024 Senior BJP leader and Former...

ISRO , Indian space industry offers tremendous opportunity for...

ISRO the Indian space industry, offers tremendous opportunity for the private sector: ISRO CHIEF Recently, ISRO has successfully conducted a...

CANARA BANK SHARE PRICE LIVE

CANARA BANK SHARE PRICE LIVE Canara Bank stock price went down today 8 may 2024 by -3.25% stock closed at...

Top 10 Upcoming DC Movies And Webseries

Top 10 Upcoming DC Movies and Webseries Written By Anurag Tiwari In the next years, DC's television and movie timetable will...