International Public School Ltd. & Anr. v. Fiitjee Limited & Ors.
Case brief
What is this about?
Directors and a company sought quashing of a Section 138 NI Act complaint over a dishonoured Rs. 1 crore security cheque issued under a loan agreement. The Court held prima facie a legally enforceable debt existed and the complaint contained sufficient averments against the Directors; petitions dismissed.