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2019 (9) TMI 481 - HC - Indian LawsDishonor of cheque - failure to disclose the material fact related to inter-corporate loan - cheating under Section 420 of IPC - Petitioner being director of the company - HELD THAT:- The petitioner alongwith R.C. Bagrodia and B.K. Ametha represented Accused Company and approached the complainant in June 1996 at Complainant's Registered Office in New Delhi and requested the complainant for inter-corporate deposit of ₹ 25 Lakhs and did not disclose the fact that the Accused Company has already undergone into winding up proceedings. However, they misrepresented the fact that the Accused Company is financially sound and the post dated cheque issued to the Complainant in lieu of the Loan amount will be honoured in the due course.
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