Delhi HC Upholds Simultaneous Arbitration & Section 138 NI Act Proceedings

Newton Engineering And Chemicals Limited And Ors Vs UEM India Pvt Ltd (Delhi High Court) Introduction: The Delhi High Court recently upheld the simultaneous continuation of arbitration proceedings and proceedings under Section 138 of the Negotiable Instruments Act, 1881 (NI Act). The court dismissed a petition seeking to quash the complaint under Section 138 NI Act filed by the respondent company against the petitioners. Background: The petitioners and respondent company had entered into a Memorandum of Understanding (MoU) for a project. Subsequently, a post-dated cheque issued by the petition...