Archon Powerinfra India Pvt. and Ors. v. Sajan Kr. Satish Kr. a Partnership Firm
Case brief
What is this about?
The Court rejected the petitioners' plea to quash criminal proceedings under the Negotiable Instruments Act. It held that the existence of an enforceable debt is a question of fact for the trial court. However, to alleviate the petitioners' anxiety regarding statutory deposit, the Court directed them to deposit the amount within four weeks.
What did the court decide?
Directed petitioners to deposit statutory amount under Section 143A of N.I. Act within four weeks.