M/s. Micro Steels v. M/s. Bombay Hardware Private Limited Company
Case brief
What is this about?
Petitioners convicted under S.138 NI Act sought suspension of sentence and exemption from surrender pending revision against appellate conviction. Court enlarged them on bail subject to depositing 50% of the fine amount within six weeks, executing bonds, monthly appearance before trial court, with failure permitting custody.
What did the court decide?
Sentence suspended; petitioners exempted from surrender and enlarged on bail on depositing 50% of fine amount within six weeks, bonds of Rs.10,000 each with two sureties, and monthly court appearances