Vitara Chemicals Ltd. and Ors. v. M/S. Ramsons Enterprises and Anr.
Case brief
What is this about?
The criminal writ petition was allowed to be withdrawn. The court held that the petition became infructuous following Supreme Court judgments in Pankaj Mehra and Aptech Industries regarding Section 536(2) of the Companies Act and Section 138 of the Negotiable Instruments Act. Petitioners were granted liberty to raise contentions on merits before the Trial Court.
What did the court decide?
Petition allowed to be withdrawn; liberty granted to raise contentions on merits before Trial Court.