TaxTMI 
TaxTMI 
2021 (2) TMI 1
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....t a complaint under Section 138/142 of the Negotiable Instrument Act was filed against the petitioner on the ground that cheque issued towards respondent No.2/complainant by the petitioner in discharge to his liability bounced due to 'insufficient funds'. The petitioner herein was held guilty under Section 138 of the Negotiable Instruments Act and he was sentenced to undergo rigorous imprisonment for a period of one year and to pay compensation to the tune of Rs. 75 lakhs. Against the said judgment, a criminal appeal was filed before the Sessions Judge, Faridabad and he was admitted to bail till disposal of the appeal, 1 of 5 however, he was directed to deposit an amount of 25% of the compensation amount within a period of 30 days b....
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....er seeking modification of the order dated 19.02.2020. The petitioner herein appeared before the Sessions Judge, Faridabad and applied for modification 2 of 5 of the order dated 19.02.2020 praying for four months time to deposit the remaining compensation amount, while contending that he was ready to deposit 20% of the compensation amount as he was in poor financial condition. The Sessions Judge, Faridabad vide order dated 22.01.2021 reduced the compensation amount from 25% to 20% and directed to appear before the Court on 29.01.2021 to make compliance of the order. There was a rider put on the said direction that in case he fails to surrender on the said date or fails to make compliance of the order so passed then warrants of arrest will b....
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....nt of Rs. 11 lakhs would be paid within a period of 15 days. This affidavit is dated 28.01.2021 and duly notorized, however, an original copy of the same shall be filed in the registry by tomorrow itself. Taking into consideration the affidavit that has been furnished by the petitioner undertaking that he will make the deposit of Rs. 4 lakhs immediately and the balance amount of Rs. 11 lakhs will be paid within a period of 15 days, this Court deems it appropriate to extend the time to make the complete payment upto 12.02.2021. Needless to say that the petitioner will put in appearance before the Sessions Court, Faridabad on 29.01.2021 and make a deposit of Rs. 4 lakhs through demand draft and for depositing the remaining amount of Rs. 11 ....