2005 (7) TMI 726

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....wo complaints under Section 138 of the Negotiable Instruments Act were filed by the Appellant against the Respondents. In those complaints, the Metropolitan Magistrate, New Delhi issued summons to the Respondents. An application filed by them for dropping the proceedings was dismissed in terms of the order of learned Magistrate, dated 26th April, 1999, holding that "whether the cheques were i....

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....gistrate declining to drop the proceedings by holding that by making payment of ₹ 40 lacs, the Respondents had discharged their liability. It was no stage to examine the defence of the Respondents. 3. Though, at this stage, we are not going into the merits, but we may only note that the subject matter of the two complaints are four cheques in all amounting to ₹ 76,55,917.47 ps. Accord....