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

2015 Supreme(P&H) 1449

ANITA CHAUDHRY
Ramesh Bansal Ispat Udyog Pvt. Ltd. – Appellant
Versus
Madhav Alloys Pvt. Ltd. – Respondent


Advocates:
Advocate Appeared:
For the Petitioner:Mr. Swaran Tiwana, Advocate.
For the Respondent:Mr. Rakesh Chopra, Advocate.

JUDGMENT :

Anita Chaudhry, J.

The petitioners are facing prosecution in a complaint filed by the respondent under Section 138 of Negotiable Instruments Act, 1881(for brevity, `the Act'). They are seeking quashing of the complaint and consequent proceedings including the summoning order dated 02.06.2014 (Annexure P-2).

2. The brief facts first. A complaint under the Act was filed by the respondent against petitioner No. 1-firm and petitioners No. 2 and 3 being Directors on the allegations that MS Billets were supplied by the firm of the respondent and in order to discharge outstanding liability, petitioners No. 2 and 3 issued a cheque bearing No. 759448 dated 07.04.2014 for Rs. 19,55,650/- drawn at Punjab and Sind Bank, Amloh Road, Mandi Gobindgarh. The respondent presented the cheque twice with its banker i.e. State Bank of India, Mandi Gobindgarh, but was dishonoured vide memos dated 07.04.2014 and 10.04.2014 and for the third time it was presented at Sirhind Branch of State Bank of India. This time also the cheque was dishonoured vide memo dated 22.04.2014. A legal notice dated 08.05.2014 was issued by the respondent calling upon the petitioners to make payment of within 15 days. No


























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