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2010 (3) TMI 914 - HC - Companies LawQuashing of the order of cognisance prayed - Held that:- Section 141 of the Act was required to be strictly complied with and by making ambiguous statement regarding involvement of other directors other than the managing director, the requirement of section 141 of the Negotiable Instruments Act was not complied with and therefore, in the absence of any such statement as required under section 141 of the Negotiable Instruments Act vis-a-vis the present petitioner, there is no scope for her prosecution and therefore, the cognisance order passed against the present petitioner is quashed. As the case has remained pending before the learned Sub-Divisional Judicial Magistrate, Bhubaneswar since 2008 and thus, more than two years have lapsed in the meantime prays for a direction for early disposal, therefore, the learned Sub-Divisional Judicial Magistrate is directed to take up the matter and dispose of the same expeditiously in accordance with law preferably within a period of four months from the date of communication of this order.
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