The petitions were filed seeking the quashing of a summoning order dated 24.03.2018 passed by the Metropolitan Magistrate in a complaint case bearing CC No. 36097/2016. The complaint was filed under Section 138 of the Negotiable Instruments Act, 1881 against M/s West Haryana Highways and its directors for dishonour of a cheque.
The Metropolitan Magistrate issued a summoning order dated 24.03.2018 against the petitioners.
The complaint was filed under Section 138 of the Negotiable Instruments Act, 1881.
The accused company, M/s West Haryana Highways, approached the complainant for a term loan.
The complainant sanctioned a Senior Term Debt of ₹100 crores vide Sanction letter dated 25.04.2008.
The accused company approached the complainant for restructuring of the existing debt of ₹88 crores.
A cheque for ₹1.5 crores issued by the accused company was dishonoured and returned with remarks 'Funds Insufficient'.
The petitioners were directors of the accused company.
The petitioners claimed they were not responsible for managing the day-to-day affairs of the company.
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The learned Metropolitan…
Judgment deliv…
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The petitions were filed seeking the quashing of a summoning order dated 24.03.2018 passed by the Metropolitan Magistrate in a complaint case bearing CC No. 36097/2016. The complaint was filed under Section 138 of the Negotiable Instruments Act, 1881 against M/s West Haryana Highways and its directors for dishonour of a cheque.
The Metropolitan Magistrate issued a summoning order dated 24.03.2018 against the petitioners.
The complaint was filed under Section 138 of the Negotiable Instruments Act, 1881.
The accused company, M/s West Haryana Highways, approached the complainant for a term loan.
The complainant sanctioned a Senior Term Debt of ₹100 crores vide Sanction letter dated 25.04.2008.
The accused company approached the complainant for restructuring of the existing debt of ₹88 crores.
A cheque for ₹1.5 crores issued by the accused company was dishonoured and returned with remarks 'Funds Insufficient'.
The petitioners were directors of the accused company.
The petitioners claimed they were not responsible for managing the day-to-day affairs of the company.
…The learned Metropolitan…
Judgment deliv…
Sign in to view related legal provisions.