2024 (7) TMI 1701

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....tioner/complainant is that, the petitioner's company is registered with the Indian Newspaper Society and is dealing with various Government departments and it also deals with Post production works with production and entertainment companies. While so, the 2nd accused being the Director of the 1st accused company namely Media one Global Entertainment Ltd., approached the petitioner for venturing into post production of the film namely "Kochadaiyan" by posing Mediaone Global Entertainment as the fast upcoming entertainment company and the lease rights of the film will fetch a return of Rs. 20,00,00,000/- plus minimum guaranteed profit amount of Rs. 2,40,00,000/-, by virtue of the Memorandum of Understanding agreement dated 25.04.2014 ente....

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....d sentence imposed on the accused. Challenging the same, the accused filed a revision before this Court in Crl. RC. No. 1636 of 2023 and pending the same, this Court, vide order dated 26.09.2023 made in Crl. MP. No. 15419 of 2023 ordered for suspension of sentence imposed on the accused. Challenging the same, the petitioner has come up with this petition seeking to cancel the bail granted by the court, vide order dated 26.09.2023. 3. Mr. Abirchand Nahar, the petitioner/party-in-person submitted that, the accused borrowed a sum of Rs. 10,00,00,000/- from the petitioner/ complainant and he agreed to repay the same with 20% profit. However, till date, the accused had paid only a sum of Rs. 8,74,00,000/- in toto. Thereby, for non-payment of ....

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.... 20% profit, the same is the subject matter of the suit pending before this Court. It is the further submission of the learned senior counsel that the dispute on hand relates to dishonour of cheque for a sum of Rs. 5,00,00,000/-, but already towards the discharge, a sum of Rs. 8,99,00,000/- had been paid and the cheque which was given as guarantee had been deposited with the bank to falsely implicate the accused in the offence. Considering all the above said facts, this court had granted suspension of sentence in favour of the respondents and the same does not warrant interference of this court. 5. Heard learned counsel on either side and perused the material documents placed on record. 6. It is the case of the petitioner that the che....