NATIONAL HOUSING BANKversusBHERUDAN DUGAR HOUSING FINANCE LTD. & ORS. ETC.
Case No.: CRIMINAL APPEAL No. 3176/2024
Decision Date: 01-08-2024
Disposal: Case Partly allowed
Neutral Citation: 2024INSC566

ABHAY S. OKA*, AUGUSTINE GEORGE MASIH Issue for Consideration On a complaint filed u/s. 200 CrPC, wherein the Magistrate took cognizance of the complaint for the offence u/s. 29A (i) read with s. 50 and punishable u/s. 49 (2A) of the 1987 Act against the first respondent-company, second accused-Managing accused as directors, whether the High Court was justified in quashing the complaint in its entirety, holding that the requirements of sub-Section (1) of s. 50 of the 1987 Act are similar to the requirements incorporated in s. 141 of the Negotiable Instruments Act, 1881, which were not 

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