IN THE HIGH COURT OF DELHI AT NEW DELHI
M/S INTEC CAPITAL LTD. VS. M/S AGM LOGISTICS SERVICES
$~62 * IN THE HIGH COURT OF DELHI AT NEW DELHI + CRL.L.P. 345/2023 M/S INTEC CAPITAL LTD. .....Petitioner Through: Mr.Divyansh Arora, Advocate versus M/S AGM LOGISTICS SERVICES .....Respondent Through: None CORAM:
HON'BLE MR. JUSTICE MANOJ KUMAR OHRI
O R D E R
% 08.12.2025
1. By way of the present petition, the petitioner/complainant is seeking leave to appeal against the order dated 16.05.2023 passed by learned JMFC, NI Act, Saket Courts, New Delhi in the case bearing CC No. 626729/2016 titled as „M/s Intec Capital Ltd. v. AGM Logistics Services‟, vide which the petitioner/complainant‟s case stands compounded and the respondent stands acquitted.
2. The present matter arises out of complaint made under Section 25 of the Payment and Settlement Systems Act, 2007 (“PSS Act”). Section 25(5) of the said Act specifically provides that the provisions of Chapter XVII of Negotiable Instruments Act, 1881 shall apply to the dishonour of electronic funds transfer, to the extent the circumstances admit.
3. The attention of this Court is drawn to the recent decision of the Supreme Court in Celestium Financial vs A. Gnanasekaran etc,, 2025 SCC OnLine SC 1320 wherein, it has been held that the complain
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