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Delhi HC Upholds Simultaneous Arbitration & Section 138 NI Act Proceedings
Case Law Details
- Case Name
- Newton Engineering And Chemicals Limited And Ors Vs UEM India Pvt Ltd (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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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...
