Supreme Court of India

M/s S.S. Production and Anr. P1: M/s S. S. Production P2: Tr. S. Subbiah v. Tr. Pavithran Prasanth

Neutral citation
Reported as [2024] 10 S.C.R. 2248
Bench Sudhanshu Dhulia and Ahsanuddin Amanullah JJ.
Decided 1 October 2024

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

3 Supreme Court benches have cited this judgment.

What the Court ordered

We are of the view that each one of the loan transactions/financial arrangements was a separate and distinct transaction between the complainant on the one hand and the borrowing company/ appellant on the other.

Judgment, page 14

From the headnote

Issue for Consideration Issue arose as to whether the courts below were justified in convicting the petitioners u/s.138 of the Negotiable Instruments Act, 1881 for dishonour of cheques and sentencing them to six months of simple imprisonment and to pay the cheque amounts as compensation, in each of the complaints. Headnotes Negotiable Instruments Act, 1881 – ss.138, 139 – Dishonour of cheque for insufficiency of funds – Petitioners borrowed certain sum in five instalments as a hand loan from the complainant and promised to repay the same on demand with interest – Issuance of five cheques in

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