SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2001 Supreme(Bom) 526

T.K.CHANDRASHEKHARA DAS
Hiten Sagar & another – Appellant
Versus
IMC Ltd. & another – Respondent


JUDGMENT - T.K. CHANDRASHEKHARA DAS, J.:---Heard learned Counsel for the petitioner. None appeared for the respondent No. 1.

2. This matter arises under section 138 of the Negotiable Instrument Act. The respondent filed a complaint before Additional Chief Metropolitan Magistrate on account of the dishonouring of a cheque of Rs. 10,000/- issued by the petitioner on 8-12-1998. The aforesaid cheque was dishonoured and subsequently notice as contemplated under section 138 of N.I. Act was served and the same was delivered on 19-4-1999 to the petitioners. After that the aforesaid complaint was filed.

2A. The learned Counsel for the petitioner, Mr. Marwadi submits that the complaint itself shows that the cheque in question was issued by the petitioner No. 1 for the liability of the petitioners 2 and 3. It is necessary in this context to refer to the relevant paragraph contained in the notice dated 19-4-1999.

"My client states that Sai Krupa Network are the franchise of my client under an agreement dated 1-2-1996 and you are the brother of Mr. Jignesh Sagar, the proprietor of Sai Krupa Network.

My client states that under the said agreement Sai Krupa Network was required to pay a sum of Rupe








Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top