Giriraj G. Lakhoitia v. Maverick Knits Pvt. Ltd.
Case brief
What is this about?
This judgment admits a Company Petition under Section 138 of the Negotiable Instruments Act against a company for a bounced cheque. The court directed the respondent to deposit the disputed amount within eight weeks to avoid automatic admission of the petition and subsequent advertisement in newspapers.
What did the court decide?
Direction to deposit Rs. 2,31,826.71 within eight weeks; failure to do so results in automatic admission of the petition and mandatory advertisement in newspapers.
What the court decided
:1:
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
COMPANY PETITION NO. 269 OF 2008
In the matter of M/s. Maverick
Knits Private Limited.
Giriraj Ghanshyamdas Lakhotia ..Petitioner
versus
M/s. Maverick Knits Pvt. Ltd. ..Respondents
Mr. S. Joshi i/b. Mr. M. G. Mimani for the
Petitioner.
CORAM : S. A. BOBDE, J.
DATE : 14TH AUGUST, 2008.
P.C.
. Heard learned counsel for the petitioner.
2. According to the petitioner between
28.11.2005 and 21.1.2006 he raised bills for a sum
of Rs.5,30,945.71 paise for the price of goods sold
and delivered to the company. The company paid to
the petitioner a sum of Rs.3,00,000/- on account of
part payment towards supplies. Thus there is
Issues for consideration
1 issue framed by the court
Whether the Company Petition under Section 138 of the Negotiable Instruments Act should be admitted and aducitted in the absence of a reply to the statutory notice.
Parties & counsel
- petitioner
Giriraj Ghanshyamdas Lakhotia
- respondent
M/s. Maverick Knits Pvt. Ltd.
Coram
S. A. BOBDE
Case details
As recorded by the court registry
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