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2023 Supreme(Del) 4524

JASMEET SINGH
Sandeep Gupta – Appellant
Versus
Ram Steel Traders – Respondent


Advocates appeared:
Mr. Shashank Khurana, Advocate, for the Petitioner.
Mr. Shailendra Babbar, Mr. Avinash Das, Mr. Aayush Agarwala, Mr. Siddham Nahata, Advocates, for the Respondents.

JUDGMENT

Jasmeet Singh, J.

1. The present petition is filed seeking quashing of impugned order dated 03.12.2021 passed by the Ld. Metropolitan Magistrate (New Delhi -01), Patiala House Court, New Delhi in CT No.12161/2018 titled `Shri Ram Steel Traders vs. Richa Industries Limited and Ors.'

2. The facts of the present case are that the complaint, being CT No 12161/2018, was filed by Respondent No.1-Shri Ram Steel Traders, against the Petitioner and Respondent Nos. 2-Richa Industries Limited, under Section 138 read with Section 141 and 142 of the Negotiable Instrument Act, 1881 (hereinafter called NI act) before the Metropolitan Magistrate, NewDelhi-01, Patiala House Court, New Delhi.

3. The petitioner was the Managing Director of Respondent no. 2. The respondent no.1 alleged that the Petitioner and Respondent no 2 approached Respondent no.1 for purchase of steel. On placing of purchase orders, materials have been alleged to have been supplied to Respondent no.2 on credit. In discharge of debt, respondent no.2 issued cheque no. 424055 dated 24th march 2018 drawn on Corporation Bank, Faridabad for a sum of Rs. 6 crores. The cheque was signed by the petitioner for and on behalf of r

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