Supreme Court · 2024 INSC 566 · Decided 1 August 2024
National Housing Bank v. Bherudan Dugar Housing Finance LTD. & ORS. ETC.
- Court
- Supreme Court of India
- Citation
- 2024 INSC 566 · [2024] 8 S.C.R. 1
- Case number
- CRIMINAL APPEAL No. 3176/2024
- Decided
- 1 August 2024
- Bench
- ABHAY S. OKA, AUGUSTINE GEORGE MASIH (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Criminal
- Acts & sections cited
- CrPC Section 200; NI Act Section 141
Headnote
On a complaint filed u/s. 200 CrPC, wherein the Magistrate took cognizance of the complaint for the offence u/s. 29A (i) read with s. 50 and punishable u/s. 49 (2A) of the 1987 Act against the first respondent-company, second accused-Managing accused as directors, whether the High Court was justified in quashing the complaint in its entirety, holding that the requirements of sub-Section (1) of s. 50 of the 1987 Act are similar to the requirements incorporated in s. 141 of the Negotiable Instruments Act, 1881, which were not
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