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2021 (2) TMI 1 - HC - Indian LawsDishonor of Cheque - insufficiency of funds - Seeking four months time to be granted to the petitioner to pay compensation amount - HELD THAT:- Taking into consideration the affidavit that has been furnished by the petitioner undertaking that he will make the deposit of ₹ 4 lakhs immediately and the balance amount of ₹ 11 lakhs will be paid within a period of 15 days, this Court deems it appropriate to extend the time to make the complete payment upto 12.02.2021. Needless to say that the petitioner will put in appearance before the Sessions Court, Faridabad on 29.01.2021 and make a deposit of ₹ 4 lakhs through demand draft and for depositing the remaining amount of ₹ 11 lakhs, the petitioner is granted time upto 12.02.2021. The arrest of the petitioner is, therefore, stayed till 12.02.2021. In case, the petitioner fails to deposit the amount of ₹ 4 lakhs with the Sessions Court, Faridabad as undertaken in the affidavit on 28.01.2021, the interim relief allowed to him shall be deemed to be vacated. It is also made clear that in case the petitioner does not deposit the amount of ₹ 11 lakhs before the Sessions Court on or before 12.02.2021, any concession allowed to him will also deemed to be vacated, apart from that the petitioner would also face the perjury proceedings for non-compliance of the affidavit as furnished to the 4 of 5 High Court. Petition disposed off.
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