The Magistrate Amitabh Panchbhai after convicting Pancholi released him on the bail of Rs 12,000.


According to police, Pancholi hit his neighbour Pratik Pasrani and reportedly fractured his nose at their building in 2005.


The police had said that Pancholis guest had parked his vehicle at the space earmarked for Pasrani at Magnum Opus Apartments in suburban Versova. Pasrani objected to it and asked the security staff to clear the vehicle following which an altercation broke between the duo and the actor assaulted Pasrani, they had said.


The police initially registered a non-cognizable case but the medical examination revealed that Pasranis nose was broken, so the police registered a case of grievous hurt and criminal intimidation.