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2020 (10) TMI 1264 - HC - Indian LawsDishonor of cheque - direction to deposit 20% of the cheque amount by way of interim compensation proportionately - applicant submits that the applicant had signed the cheque in question as an authorized signatory of the Company and that there is a difference between an authorized signatory and a drawer - HELD THAT:- Issue notice to the respondents, returnable on 4th December, 2020. Learned APP waives notice on behalf of the Respondent No.1-State. Learned Counsel for the applicant to serve the Respondent No.2, by private notice and file affidavit of service before the next date. In the meantime, till the next date, the impugned order dated 24th February, 2020, passed by the learned Metropolitan Magistrate, 33 rd Court, Ballard Pier, Mumbai, in C.C. No.11994/SS of 2018, is stayed.
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