AKHILESH vs STATE OF U.T AND ANOTHER

CRM-M-24642-2026 155 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CRM-M-24642-2026 Date of Decision : 04.05.2026 Akhilesh …...Petitioner Versus State of U.T. and another …...Respondents CORAM: HON'BLE MR. JUSTICE SANJAY VASHISTH Present: Mr. Sahil Goel, Advocate for the petitioner (through V.C.) Mr. Virat Rana, Addl. P.P. for U.T. Chandigarh **** SANJAY VASHISTH, J. (Oral) 1. Instant petition, under Section 528 of the BNSS, 2023 (earlier Section 482 Cr.P.C.), has been filed for quashing of the order dated 18.09.2025 (Annexure P-15) wherein non-bailable warrants have been issued against the petitioner, passed by learned Judicial Magistrate 1st Class, Chandigarh in NACT No. 10353/2023 dated 22.12.2023 (Annexure P-15) and subsequent proceedings in case titled as Mahindra and Mahindra Finance Company Limited vs. Akhilesh under Section 138 of the Negotiable Instruments Act read with Section 142 of NI Act. 2. Learned counsel for the petitioner submits that the petitioner had procured a loan of Rs. 4,70,000/- and agreed to pay the entire sum of the principle alongwith interest to respondent No. 2 company in timely EMI (Equated Money Installments). On 07.03.2026, a proclamation pr