2022 (5) TMI 639

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....d in C.C. No. 169 of 2009 was facing trial on a complaint filed by the respondent/complainant before the Judicial Magistrate Court No. 2, Coimbatore, for the offence under Section 138 of the Negotiable Instruments Act. After full fledged trial, the learned Judicial Magistrate Court No. 2, Coimbatore, had acquitted the petitioner/accused, by judgment dated 19.04.2011. Aggrieved against the acquitta....

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....r is that there was business transactions between the petitioner and the respondent for supply of yarns. It was a running transaction and finally, a sum of Rs. 6,35,111/- was due and payable by the petitioner to the respondent, for which, the petitioner/accused issued two cheques for a total amount of Rs. 6,35,000/-. Later on, due to some accounting dispute, the cheques were not honoured, which we....

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....8258 of 2018 was filed, since the petitioner was unable to mobilize Rs. 4,50,000/- immediately. This Court, considering the difficulty of the petitioner, modified the condition, by order dated 29.06.2018, directing the petitioner to deposit Rs. 3,00,000/- immediately and thereafter, to deposit the balance amount of Rs. 1,50,000/- within a period of eight weeks thereafter. 4. The learned counsel....

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....complainant accepts that a Joint Memo of Compromise had been entered into between the petitioner and the respondent. Mr. S. Suresh, Authorized Representative of the respondent Company, is present before this Court and he has received the Demand Draft issued by the petitioner/accused, bearing No. 071963, dated 22.04.2022, drawn on Bank of Baroda, Palladam Branch, for a sum of Rs. 1,85,000/- and he ....