Farhad Suri & Anr vs Praveen Choudhary & Ors
Judges (1)
Counsel (3)
Case Significance
Farhad Suri & Anr vs Praveen Choudhary & Ors is a Delhi High Court decision dated December 16, 2025 (citation: ik-9736713). Three connected petitions sought quashing of NI Act Section 138 complaints regarding dishonoured cheques issued by directors of Sumeru Processors, a company that had gone into liquidation under NCLT proceedings. The court quashed all three complaints, holding that the dishonour reason 'ACCOUNT BLOCKED' due to NCLT/IRP proceedings was fundamentally different from insufficient funds, and the directors could not maintain the account once it was taken over by the liquidator. The case was heard by Justice Neena Bansal Krishna. Counsel appearing: Ankit Tandan (counsel for respondent), Nalin Tripathi (counsel for petitioner), Shivansh Pandey (counsel for petitioner).
Summary
Three connected petitions sought quashing of NI Act Section 138 complaints regarding dishonoured cheques issued by directors of Sumeru Processors, a company that had gone into liquidation under NCLT proceedings. The court quashed all three complaints, holding that the dishonour reason 'ACCOUNT BLOCKED' due to NCLT/IRP proceedings was fundamentally different from insufficient funds, and the directors could not maintain the account once it was taken over by the liquidator.
What was the outcome of Farhad Suri & Anr vs Praveen Choudhary & Ors?
Three connected petitions sought quashing of NI Act Section 138 complaints regarding dishonoured cheques issued by directors of Sumeru Processors, a company that had gone into liquidation under NCLT p...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (ik-9736713)