As per section 138 c accused were required to make payment of the said amount of money within 15 days.
Accused petitioners approached the High Court by filing petition under Section 482 of the Criminal Procedure Code for quashing and setting aside the process issued by the XI Additional Chief Metropolitan Magistrate, Bangalore.
In the present case, cheques dated 15th and 16th March, 1995 issued by the appellants bounced when presented for encashment as per the bank endorsement.
Those petitions were rejected by the High Court by companymon order and Judgment dated 25th September, 1997.
The accused failed to pay the said amount, hence the cause of action for filing the companyplaint arose from 15th October, 1995.
Notices were served on the accused on 29th September, 1995.
Complaints were filed on 15th November, 1995.
Therefore, it is companytended that companyplaints were filed beyond time.
Shah, J, Leave granted.
Hence, these appeals.
