M/S M. M. T. C. Ltd. & Anr vs M/S Medchl Chemicals & Pharma P. Ltd. & ...

The Supreme Court held that under Section 138 of the Negotiable Instruments Act, a complaint must be filed by a person duly authorized by the company at the time of filing. The Court found that the complaints filed by Mr. Lakshman Goel were not maintainable as he was not the authorized signatory at the time of filing, and subsequent authorization by another officer could not validate the complaints. Consequently, the Court upheld the High Court's decision to quash the complaints, emphasizing the necessity of proper authorization in such cases.