AVINASH SOMAKANT BHATE
NAGARJUNA FINANCE Ltd. , HYDERABAD PETITIONER – Appellant
Versus
Kanosika Laboratories Ltd. , (In liquidation) Hyderabad, rep. BY THE OFFICIAL LIQUIDATOR – Respondent
( 2 ) FACTS in C. A. No. 591 of 1997 may be stated for purpose of understandingthe nature of application.
( 3 ) THE petitioner-company is a Company registered under the Companiesact, 1956 (hereinafter referred to as the Companies Act ). In course of its business, respondent No. 1-company approached the petitioner and obtained a Diesel Generator on Hire Purchase Agreement on 28-2-1994. As per agreement the cheques issued by the respondent-company towards various instalments, when presented by the petitioner-company,, were returned dishonoured, because respondent No. 1-company had issued instructions to the Banker to stop payment. The petitioner-corn pany then instituted a criminal complaints against the respondent No. 1-company. The complaints were against the company, as well its Managing Director under Section 138 of the negotiable Instruments Act, 1881 (hereinafter referred to as the act ) for dishonour of the cheque. Such five complaints were registered separately before the concerned Magistrate. In the meantime one other company instituted Winding up p
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.