Interim Order 13

Order Details: COPY OF JUDICIAL PROCEEDINGS
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M/S. Jindal Saw Ltd. Vs. M/S Coronation Infrastructure Private Limited
01.06.2026
Present : Sh. V N Jha, Ld. counsel for complainant along-with
AR of the complainant.
Ms. Aadhya Shrotriya and Ms. Sanya C. Oberoi, Ld.
counsels for accused persons along-with accused no.2
and 3.
Fresh vakalatnama has been filed by the counsel for
accused. Same is taken on record.
Affidavit w.r.t to insolvency proceedings qua accused
no.1 company and copy of order dated 17.09.2025 of Hon’ble
NCLT has been placed on record. Therefore, proceedings qua
accused no.1 company are stayed till further orders.
Notice u/s 251 Cr.P.C has been framed against the
accused no.2 to which he pleaded not guilty and claimed trial. Plea
of defence has been separately recorded and explained to the
accused.
Counsel for the accused has moved an application U/s.
145(2) NI Act. Copy supplied. Same is considered and allowed in
view of the fact that an opportunity for cross examination of the
complainant is fit to be given to the accused u/s 145(2) NI Act. This
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Court further does not deem it appropriate/desirable to try the case
summarily since sentence for imprisonment exceeding one year may
have to be passed, if the trial results in conviction, therefore, this
case would be tried as summons trial case.
Admission and denial of documents U/s. 294 Cr.P.C
has been done. The accused no.2 does not deny the cheque(s) or the
signatures on the cheque(s). In view of the same, witness
mentioned at Sr. No. 2 & 3 in the list of witnesses filed by the
complainant stands dropped.
Bail bonds furnished on behalf of accused no.2 and 3.
Both the accused persons are directed to furnish surety in the sum
of Rs.50,000/- each on NDOH.
To explore the possibility of settlement, let the matter
be referred to mediation centre. Parties to appear before the
Mediation Centre, Patiala House Court on 03.07.2026 at 03:00
PM. Parties are directed to remain present with their respective
counsel. Any party failing to appear before the Mediation Centre
would be burdened with cost.
To come up for report of settlement before this Court /
CE on 03.09.2026.
Date is given as per convenience of both the parties.
(Siddhant Kumar)
JMFC (NI Act)-05/PHC/NDD
01.06.2026
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