Disputed cheque repayment and unauthorised bank account issues led to directions for production of corporate records for verification.

A dispute arose over whether a cheque repayment was actually made to a company, whether the bank account in its name was duly authorised, and whether corporate records could verify the transaction. To resolve these factual issues, the Court directed affidavits with extracts of the books of account, relevant account entries, the minutes book, annual return and balance sheet, and said questions would be put to the person who opened the account. No final determination was made on the repayment or the validity of the account, and the matter was listed again for further consideration.

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Issues: Whether the alleged repayment of Rs. 1.50 crore by cheque had in fact been made to the petitioner-company, whether the bank account in the petitioner's name was duly authorised, and whether the relevant corporate records should be produced for verification.

Analysis: The order records a serious dispute regarding the alleged encashment of the cheque, the existence and operation of a bank account in the petitioner's name, and the authority of the person who opened that account. To enable verification, the Court directed filing of affidavits with extracts of the books of account, relevant account entries, minutes book, annual return, and balance sheet, and also indicated that questions would be put to the person who opened the account.

Outcome: No final adjudication on the disputed repayment or the validity of the bank account was made at this stage, and the matter was directed to be placed again for further consideration.

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