ARUN NARULA - PROPRIETOR OF PARUL AGENCIES vs ELECTROMECH INDUSTRIAL CORPORATION & ANR.

Judgment text excerpt

IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment delivered on:27.06.2025 + CRL.L.P. 198/2022 ARUN NARULA - PROPRIETOR OF PARUL AGENCIES .....Petitioner versus ELECTROMECH INDUSTRIAL CORPORATION & ANR. .....Respondents + CRL.L.P. 199/2022 ARUN NARULA - PROPRIETOR OF PARUL AGENCIES .....Petitioner versus ELECTROMECH INDUSTRIAL CORPORATION & ANR. .....Respondents + CRL.L.P. 200/2022 ARUN NARULA- PROPRIETOR OF PARUL AGENCIES .....Petitioner versus ELECTROMECH INDUSTRIAL CORPORATION & ANR. .....Respondents Advocates who appeared in this case: For the Petitioner : Mr. Vikram Saini and Mr. Dharmendra Chaudhary, Advocates. For the Respondents :Mr. Anil Goel, Mr. Aditya Goel and Mr. Pranjal Sharma, Advocates. CORAM HON’BLE MR JUSTICE AMIT MAHAJAN Signature Not Verified Signed By:KAMALDEEP KAUR CRL.L.P. 198/2022 and connected matters Page 1 of 13 Signing Date:30.06.2025 18:51:15 JUDGMENT 1. The present leave to appeals are filed against the judgments dated 14.06.2021 (hereafter ‘impugned judgments’) passed by the learned Metropolitan Magistrate (‘MM’), Tis Hazari Courts, Delhi in CC No. 6830/2019, 6831/2019, 6832/2019 whereby the respondents were acquitted of the offence under Section 138 of the Negotiable Instruments Act, 1881 (‘NI Act’). 2. Briefly stated, the complainant/petitioner is the proprietor of Parul Agencies and is engaged in the business of telecommunication and shielded cables. It is alleged that Respondent No. 2 as partner of Respondent No. 1 and having friendly relations with the petitioner, approached the petitioner for a friendly loan for a sum of ₹75 lakhs in the month of November 2017. It is alleged that the respondents assured to return the loan amount by January, 2019. Thereafter, the petitioner advanced a sum of ₹75 lakhs to the respondents. 3. It is alle