LAWS(DLH)-2020-1-231

MAA TARINI INDUSTRIES LTD. Vs. PEC LIMITED

Decided On January 20, 2020
Maa Tarini Industries Ltd. Appellant
V/S
Pec Limited Respondents

JUDGEMENT

(1.) Exemption allowed, subject to all just exceptions.

(2.) The respondent herein had instituted a complaint under section 138 read with section 142 of the Negotiable Instruments Act 1881 against the petitioners herein in respect of non-payment against the eleven dishonoured cheques for the total amount of Rs. 19,00,00,000/- (Rupees Nineteen crores only) issued on behalf of and by petitioner company in favour of the respondent company.

(3.) The Metropolitan Magistrate vide his order dated 19.12.2017 held as follows :