Sridevi faces Apex court in cheque bounce case
A bench headed by Chief Justice K G Balakrishnan of the Supreme Court issued notice to actress Sridevi and Maharashtra Government on a petition filed by film financiers alleging that Rs 10 crore cheques issued by her had bounced.
The Apex court sought responses from the actress and the state government on the petition filed by Mumbai-based raw photo film suppliers and financiers – G G Photo Ltd, Photo Film Industries and Foto Industries. They had 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.