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

2005 Supreme(Del) 525

H.R.MALHOTRA
MAHADEV CORPORATION – Appellant
Versus
ALLAHABAD BANK – Respondent


Advocates Appeared:
ASHOK JAIN, C.MUKUND MURTY, M.L.Kasturi, P.JAIN

H. R. MALHOTRA, J.

( 1 ) THESE three revision petitions arise out of similar orders passed by the metropolitan Magistrate on the application moved by the petitioner/accused for recalling the summoning orders earlier issued against them for commissions of offence punishable under Section 138 of the NEGOTIABLE INSTRUMENTS ACT, 1881 (hereinafter referred to as the Act ). There were three cheques which were dishonoured and therefore necessity arose for the complainant to file three separate complaints against the petitioner/accused.

( 2 ) SINCE similar question arises in all the three revisions petitions, therefore these three petitions are being disposed of together by one common judgement. Brief facts as emerges from these files are that the petitioner company was allowed cash-credit facility by the respondent bank and accounts in this regard being Account no. CC-500219 was opened by the respondent bank. As on 4th December,1995 an outstanding balance of Rs. 83,38,616. 10 was shown in the accounts against the permitted operator limit of Rs. 32,52,000/ -.

( 3 ) THE respondent bank addressed a letter to the petitioner corporation on 4th December,1995 asking them to deposit the amount of









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