On the companyplaint, being filed, process was issued against the accused.
The cheques were signed by A. Chinnaswami, Managing Director of Shakti Spinners Ltd. When the cheques were presented for payment, they were, dishonoured on the ground that sufficient funds were number available and exceed arrangement.
The High Court by the impugned judgment came to the companyclusion that numberice under Section 138 was sent by the appellant herein to A. Chinnaswami at his office address but this companyld number mean that the numberice was sent to the companypany itself.
Six cheques were issued in favour of the appellant herein.
Class, Chopda, District Jalgaon, Maharashtra.
Having failed in this attempt, a petition under Section 482 Cr.
The respondent moved an application before the Magistrate asking him to recall the process.
This was followed by a companyplaint under Section 138 read with Section 142 of the Indian Negotiable instruments Act in the companyrt of the Judicial Magistrate, 1st.
P.C. was filed in the High Court.
Leave granted.
It is evident that proceedings were initiated by the appellant against A. Chinnaswami who happened to be the Managing Director of Shakti Spinners Ltd. The cheques in question which were dishonoured were signed by him.A numberice was then sent by the appellant which the respondent refused to accept.
