Cheque bounce case: Court grants bail to late CCD founder Siddhartha’s wife

Team Udayavani, Nov 7, 2020, 2:42 PM IST

Chikkamagaluru: In a big relief to Malavika Hegde, wife of Cafe Coffee Day founder late V G Siddhartha, the Mudigere JMFC court on Saturday granted bail to her in a cheque bounce case.

A non-bailable arrest warrant had been issued against the directors of the Coffee Day Global Limited which manages the famed Cafe Coffee Day after they failed to attend court proceedings.

The Civil Judge and the JMFC of Mudigere in Chikkamagaluru had summoned the directors, including Malavika to appear before the court following a complaint by a coffee planter K Nandish.

Nandish has stated that the CDGL had purchased green coffee seeds from him and in return, the CDGL issued him 10 post-dated cheques totalling Rs 45,38,554 of Canara Bank in Chikkamagaluru branch.

When he deposited in the Axis Bank where he has the account, the cheques were dishonoured as there were insufficient funds, according to the complaint.

‘The first date of appearance was October 6. Since they failed to appear before the magistrate on the said date in spite of serving of the summons, the court has issued a non-bailable warrant.

Counsel for Nandish had told reporters that the matter has been posted to November 11 and they have to appear before the court and get the warrant recalled.