LAWS(MAD)-2017-8-271

RUNGTA IRON AND STEEL PVT LTD REPRESENTED BY ITS MANAGER AND POWER OF ATTORNEY HOLDER Vs. Y VASANT RAO

Decided On August 28, 2017
Rungta Iron And Steel Pvt Ltd Represented By Its Manager And Power Of Attorney Holder Appellant
V/S
Y Vasant Rao Respondents

JUDGEMENT

(1.) The complainant is the appellant.

(2.) This Appeal is directed against the order of acquittal dated 16.11.2015 in C.C.No.548 of 2013, on the file of the Fast Track Court-IV, Metropolitan Magistrate, George Town, Chennai - 600 001.

(3.) The appellant/complainant is a Company engaged in the business of trading and selling of Iron and Steel. The respondent is the Proprietor of 'M/s.Sarada Steels and Bearings Co.' He used to purchase goods for his Concern from the complainant on credit basis. He agreed to pay interest at the rate of 24% for payment made after 10 days from the date of invoice.