IN THE HIGH COURT AT CALCUTTA CRIMINAL REVISIONAL JURISDICTION APPELLATE SIDE PRESENT:

THE HON’BLE DR. JUSTICE AJOY KUMAR MUKHERJEE CRR 3522 of 2019 Kalpana Dutta Vs.

M/S. Srei Equipment Finance Private Ltd. & Anr.

For the petitioner : Ms. Torsha Min Bahar For the opposite party : Mr. Sachit Talukdar Mr. Sachin Singh Mr. Tirtharaj ghosal Heard on : 21.08.2025 Judgment on : 27.11.2025 Dr. Ajoy Kumar Mukherjee, J.

1. The criminal proceeding being Case no. CS/407394/14 under section 138 read with section 141 of the Negotiable Instrument Act 1881, (in short N.I. Act) has been assailed by the petitioner herein.

2. The allegation levelled in the complaint is that MS Karunamoyee Construction Pvt. Ltd. entered into a loan cum hypothecation agreement with the opposite party no.1 M/S Srei Equipment Infrastructure Finance Pvt. Ltd and to discharge part debts and/or liabilities against the said agreement, the company issued three cheques drawn on Bank of Baroda through its directors in favour of opposite party no.1. It is further alleged that said cheques were deposited for encashment within the validity period but the cheques were dishonoured on the ground ‘fund insufficient and payment stopped b