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To conclude, the dishonour of the cheques on the ground of “ACCOUNT BLOCKED” due to proceedings under NCLT and Accounts being taken over by IRP/Liquidator, precludes liability under Section 138 NI Act as it cannot be said that he is maintaining the Account. Therefore, the offence under Section 138 NI Act, would not be made out. Conclusion: 82. In view of the aforesaid discussion, all the three Complaints along with the summoning Orders dated 19.01.2021 (in CC No. 90/2021); m 21.01.2021 (in CC No. 113/2021); 22.01.2021 (in CC No. 117/2021), and all the proceedings emanating therefrom, are quashed.
by Sekar Reporter · Published December 29, 2025
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THE HON’BLE MR.JUSTICE D.BHARATHA CHAKRAVARTHY Appeal Suit No.175 of 2013 and M.P.No.1 of 2013. For Appellants : Mr.V.Raghavachari For Respondents : Mr.N.Subbarayalu JUDGMENT The Result: 28.The Appeal Suit in A.S.No.175 of 2013 is allowed; The Judgement and Decree dated 01.03.2013, in O.S.No.14807 of 2010, on the file of the XIX-Additional City Civil Court, Chennai, is set aside; The O.S.No.14807 of 2010, on the file of the XIX-Additional City Civil Court, Chennai, stands decreed as prayed for; The appellants/ plaintiffs are entitled for the costs; Consequently, the connected miscellaneous petition is closed. 12.10.2022
by Sekar Reporter · Published October 13, 2022
