Conviction Under Section 138 of the Negotiable Instruments Act for Non-Payment of Loan Liability Exceeding ₹2.80 Crore

This case was decided by the Court of Judicial Magistrate First Class-04, East District, Karkardooma Courts, Delhi. The complainant HDFC Bank Limited filed a complaint against M/s A.S. Autotech Pvt. Ltd. and its directors Sunil Goel and Akhilesh Gupta alleging dishonour of a cheque issued towards repayment of a large credit facility. The dispute was registered under Section 138, Negotiable Instruments Act, 1881 relating to cheque dishonour due to insufficient…