RAHUL JAIN vs MS YES BANK LIMITED

Judgment text excerpt

$~21 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of decision: 14th January, 2025 + CRL.M.C. 1866/2021 & CRL.M.A. 12832/2021 RAHUL JAIN House No.-III, E-10, Block-E, Nehru Nagar, Ghaziabad, Uttar Pradesh-201001. .....Petitioner Through: Mr. Shantanu Chaturvedi, Advocate through VC. versus M/S YES BANK LIMITED Nehru Centre, 9th Floor, Discovery of India, Dr. A.B. Road, Worli, Mumbai-400018. Branch Office at : 5A/15, Tilak Nagar, Near Subhash Nagar Metro Station Tilak Nagar, Delhi-110018. .....Respondent Through: Ms. Ruchika, Proxy Counsel for Mr. Rajat Katyal, Advocate. CORAM: HON'BLE MS. JUSTICE NEENA BANSAL KRISHNA J U D G M E N T (oral) 1. The Petition under Section 482 of the Criminal Procedure Code, 1973 read with Section 440 has been filed on behalf of the Petitioner against the Signature Not Verified Digitally Signed CRL.M.C. 1866/2021 Page 1 of 7 By:VIKAS ARORA Signing Date:19.02.2025 14:38:18 Order dated 06.03.2021, whereby the learned ASJ has reduced the surety amount from Rs.50 lakhs as fixed by the learned Metropolitan Magistrate, to Rs.25lakhs, to seek further reduction in Surety Amount. 2. The Petitioner has submitted that a Complaint under Section 138 of N.I. Act was filed by the Respondent Bank against him for dishonour of Cheque dated 22.05.2019 in a sum of Rs.5 crore. The Petitioner was summoned and was directed to appear before the Court on 07.01.2020. 3. The Petitioner was unable to appear and the matter was adjourned for 22.01.2020. The copy of the Complaint was supplied and on the same day, Notice under Section 251 of Cr.P.C was framed to which he pleaded not guilty. 4. The learned Court granted bail to the Petitioner on furnishing a Personal Bond in the sum of Rs.50 lakhs along with one Surety Bond of the like amount till the next date of heari