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ANDHRA PRADESH HIGH COURT
T. Ranga Rao, J.
Sri Srinivasa Trading Co. and Others v. State of A.P. and Another
| Table of Content |
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| 1. the court noted the petition's basis under crpc for quashing due to insufficient funds. (Para 1 , 2) |
| 2. the petitioners argued against prosecution based on pending insolvency petition. (Para 4 , 5) |
| 3. the court analyzed applicability of insolvency laws to criminal proceedings. (Para 6 , 7 , 8) |
| 4. the court concluded that insolvency status does not impede criminal charges for a dishonored cheque. (Para 9 , 10) |
1.This petition is filed under S.482, Cr. P.C. to quash the proceedings in CC No. 376 of 1995 on the file of the VIII Metropolitan Magistrate, Vijayawada.
2. The facts in giving rise to the filing of this petition are, briefly, as follows : -
It is mentioned in the complaint that the second respondent is the company and manufactures DAP and other fertilizers. The first petitioner is the firm represented by its Managing Partner, the second petitioner, and did business in the name and style of Sri Srinivasa Trading Company at Pamidipadu, Guntur District and the petitioners 2 and 3 are the partners of the first petitioner firm. It is further alleged that the company used to supply fertilizers and chemicals to the petitioners on credit and when the accounts were sett
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