M/S Usha Jewellers Pvt Ltd vs State Bank Of India

ik-14231154 Delhi High Court 19 December 2025 • 14 min read

Judges (1)

Swarana Kanta Sharma Delivered

Counsel (4)

Narendra Bhati Counsel Petitioner Pardeep Bhasin Counsel Respondent Sarita Sharma Counsel Petitioner Shashwat Kumar Counsel Respondent

Parties (2)

State Bank of India Respondent Usha Jewellers Pvt Ltd Petitioner

Case Significance

M/S Usha Jewellers Pvt Ltd vs State Bank Of India is a Delhi High Court decision dated December 19, 2025 (citation: ik-14231154). The petitioner, convicted under Section 138 of the NI Act and sentenced to one year's imprisonment plus Rs 1,90,23,000 in compensation, sought suspension of sentence during pendency of the revision petition after concurrent findings by the Trial Court and Sessions Court. The Court noted the petitioner's conduct of not depositing the required 25% fine amount before the Sessions Court, remaining absconding for over a year leading to NBWs and Section 82 CrPC proceedings, and his inconsistent sta The case was heard by Justice Swarana Kanta Sharma. Counsel appearing: Narendra Bhati (counsel for petitioner), Pardeep Bhasin (counsel for respondent), Sarita Sharma (counsel for petitioner), Shashwat Kumar (counsel for respondent).

Summary

The petitioner, convicted under Section 138 of the NI Act and sentenced to one year's imprisonment plus Rs 1,90,23,000 in compensation, sought suspension of sentence during pendency of the revision petition after concurrent findings by the Trial Court and Sessions Court. The Court noted the petitioner's conduct of not depositing the required 25% fine amount before the Sessions Court, remaining absconding for over a year leading to NBWs and Section 82 CrPC proceedings, and his inconsistent stands regarding ability to pay. The applications for suspension of sentence were dismissed, with the Court finding no perversity in the concurrent findings that would likely lead to the conviction being set aside.

What was the outcome of M/S Usha Jewellers Pvt Ltd vs State Bank Of India?

The petitioner, convicted under Section 138 of the NI Act and sentenced to one year's imprisonment plus Rs 1,90,23,000 in compensation, sought suspension of sentence during pendency of the revision pe...

Judgment

Read the full judgment on the official India Courts portal.

Read on Indian Kanoon

Source: Indian Kanoon (ik-14231154)