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Case Name : TRL Krosaki Refractories Ltd. Vs SMS Asia Private Limited (Supreme Court of India)
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TRL Krosaki Refractories Ltd. Vs SMS Asia Private Limited (Supreme Court of India) Facts- The facts are that the respondent had issued seven cheques dated 13.03.2015, in all amounting to Rs.1,10,00,000/­ in favour of the appellant company. On presentation, the said cheques were dishonoured by the Bank and returned with the endorsement, ‘account closed’. The appellant in that view issued notices dated 14.04.2015 through registered post, acknowledgement due. Though the notices were received on 16.04.2015 as per the postal acknowledgement, the respondent failed to comply with the demand or r...
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