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

S.N.PHUKAN, M.B.SHAH
Munoth Investments Ltd. – Appellant
Versus
Puttukola Properties Ltd. & Anr. – Respondent


Judgment

Shah, J.—Leave granted.

2. Despite service of notice, none appears on behalf of the respond­ents.

3. By impugned judgment and order dated 27.11.2000 the High Court of Madras allowed Criminal OP No. 14007 of 1999 and quashed the proceed­ings under Section 138 of the Negotiable Instruments Act, 1881 (here­inafter referred to as “the Act”) on the ground that there was breach of mandatory provision in issuing the notice as the cheque was re­turned on 13th January, 1994 and complainant issued notice on 29th January, 1994, which fell outside the period of 15 days.

4. It is contention of the learned counsel for the appellant that appellant filed criminal complaint before the Metropolitan Magistrate, Chennai, on the ground that in respect of a liability on a promissory note, a cheque was issued in favour of the complainant on 121.1994 for a sum of Rs. 5 lakhs. When the cheque was presented in the bank, it was returned on 13.1.1994 with an endorsement “payment stopped by drawer”. Hence, appellant issued notice on 29.1.1994 which was re­ceived by the respondent on 4.2.1994. It is submitted that the appel­lant was informed about the dishonour of cheque only on 17.1.1994 as there were Pon





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