Case Law Details
Case Name : Shree Raj Travels & Tours Ltd. & Ors. Vs Destination Of The World (Subcontinent) Private Ltd (Delhi High Court)
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All High Courts Delhi High Court
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Shree Raj Travels & Tours Ltd. & Ors. Vs. Destination Of The World (Subcontinent) Private Ltd (Delhi High Court)- In a case of bounced cheque, the Delhi high court has ruled that the magistrate in the place where the cheque was drawn and where the drawee bank is situated has jurisdiction to deal with the complaint. The power under the Negotiable Instruments Act is not with the magistrate where the cheque was presented or from where the notice was issued to the offending party. Shree Raj issued some 45 cheques drawn on State Bank of India in Mumbai to Destination of the World in New ...
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sir, I had received a cheque of Rs 12,50,000 which i had invested in a company named AFSL by selling off my house .The company did not give me a single penny wither the interest or my capital, the cheque for my capital given has bounced, and i kept the cases on him by paying another 50,000 to the lawyer in 2010, no any response from the AFSL director, how long will it take to get my money as he is an influenced person , i will get my money back or no kindly let me know.
Thanking you
chandrakala
The law must be for the people and any deviation from this priciple is not justified. The Court should allow to file the complaint in Delhi if the person resides in Delhi.
Importance of collecting banker is completely overlooked in the judgement.Crossed cheque cannot be presented directly by the creditor to the other bank.
creditor will receive intimation of non clearance of cheque only from his banker and not from the other bank.
If this judgement is not reversed then a creditor will have to insist the purchaser to open bank account where creditor is carrying on business!!!
Trade organizations and others should immediately file appeal and get the judgement reversed