JUDGMENT

NENA BANSAL KRISHNA, J.

1. Petition bearing CRL.M.C. 3501/2018 under Section 482 of the Code of Criminal Procedure, 1973 (hereinafter referred to as „ Cr.P.C .‟), has been filed on behalf of the Accused Company, Innoventive Industries Limited through its Official Liquidator.

2. The other two Petitions bearing CRL.M.C. 4379/2024 and CRL.M.C. 4381/2024, have been filed on behalf of Mr. Chandu Laxman Chavan and Mr. Ravindra Waman Katre, the two Directors of Innoventive Industries Limited.

3. Petitioners are aggrieved by the Order dated 09.04.2018 of the Ld. Metropolitan Magistrate, vide which they have been summoned under Section 138 read with Sections 141 and 142 of the Negotiable Instruments Act, 1881 (hereinafter referred to as „N.I Act‟) in Complaint Case under S.138 NI Act.

4. Briefly stated, the Complainant/IFCI Factors Limited, Respondent No.2 (Complainant) issued a Sanction Letter dated 23.07.2009 for Domestic Factoring Facilities to the Petitioner Company, Innoventive Industries Limited (formerly known as Arihant Domestic Appliances Limited). In terms of Clause 1(b) of the Sanction Letter dated 23.07.2009, in terms of which Petitioner Company, gave 30 security cheques