JUDGMENT :

SWARANA KANTA SHARMA, J.

1. The petitioner has approached this Court by way of this petition, seeking quashing of the Complaint Case No. 2435/2020, titled Rohit Malhotra v. Gurvinder Singh Toor under Section 138 of the Negotiable Instruments Act , 1881 [hereafter „NI Act‟] pending before the learned Metropolitan Magistrate, West District, Tis Hazari Court, Delhi [hereafter „Magistrate‟].

FACTUAL BACKGROUND

2. Brief facts of the case, as set out in the petition and evident from the complaint filed in this case, are that the petitioner is the Principal Director of a company incorporated under the name Zoi International Company Ltd. [hereafter „the Company‟], which is engaged in the business of textiles and used garments. The respondent herein was also one of the Principal Directors of the Company, holding 45% equity shareholding. He resigned from the directorship of the Company on 06.07.2020. The respondent had initially met the petitioner along with one Mr. Manish Alag in November 2018 to discuss a business project aimed at establishing a branch of the Company in Thailand. Pursuant t