The case involves a writ petition filed by M/s. Bajaj Constructions against the State of Maharashtra and M/s. Paint Art, challenging an order passed by the Additional Sessions Judge, Greater Bombay, which overturned an order by the Metropolitan Magistrate. The Magistrate had rejected an application for interim compensation under Section 143A of the Negotiable Instruments Act, 1881 (NI Act). The Additional Sessions Judge allowed the revision and directed the petitioner to deposit 20% of the cheque amount as interim compensation. The petitioner, accused in a cheque dishonor case, argues that the Additional Sessions Judge erred in mandating interim compensation, while the respondents contend that the Magistrate's initial decision was flawed.
M/s. Paint Art, a company engaged in internal and external painting, plumbing, and reconstruction work, is the complainant. M/s. Bajaj Constructions, owned by Manish Bajaj, is the accused and deals in building construction and real estate. Bajaj Constructions contracted Paint Art to carry out balance civil work on a building called Vandana Building. The agreed consideration was Rs. 1,70,00,000/-. Despite the work being completed in May 2019, Bajaj Constructions defaulted on payment. On September 7, 2021, Bajaj Constructions affirmed an affidavit acknowledging the liability and issued four cheques for Rs. 42,50,000/- each, totaling Rs. 1,70,00,000/-, payable on October 20, 2021. These cheques were dishonored on October 27, 2021, and again on December 23, 2021. A demand
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M/s. Paint Art completes the balance civil…
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The case involves a writ petition filed by M/s. Bajaj Constructions against the State of Maharashtra and M/s. Paint Art, challenging an order passed by the Additional Sessions Judge, Greater Bombay, which overturned an order by the Metropolitan Magistrate. The Magistrate had rejected an application for interim compensation under Section 143A of the Negotiable Instruments Act, 1881 (NI Act). The Additional Sessions Judge allowed the revision and directed the petitioner to deposit 20% of the cheque amount as interim compensation. The petitioner, accused in a cheque dishonor case, argues that the Additional Sessions Judge erred in mandating interim compensation, while the respondents contend that the Magistrate's initial decision was flawed.
M/s. Paint Art, a company engaged in internal and external painting, plumbing, and reconstruction work, is the complainant. M/s. Bajaj Constructions, owned by Manish Bajaj, is the accused and deals in building construction and real estate. Bajaj Constructions contracted Paint Art to carry out balance civil work on a building called Vandana Building. The agreed consideration was Rs. 1,70,00,000/-. Despite the work being completed in May 2019, Bajaj Constructions defaulted on payment. On September 7, 2021, Bajaj Constructions affirmed an affidavit acknowledging the liability and issued four cheques for Rs. 42,50,000/- each, totaling Rs. 1,70,00,000/-, payable on October 20, 2021. These cheques were dishonored on October 27, 2021, and again on December 23, 2021. A demand
…M/s. Paint Art completes the balance civil…
M/s. Bajaj Constructions affirms an…
Sign in to view related legal provisions.