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Kotak Mahindra Bank LtdVsGUPTA SYNTHETICS LTD AND ORS

CNR MHMM18000673202058-JUDICIAL MAGISTRATE FIRST CLASS 58TH COURT
PENDING

TrustJury record updated 27 Sept 2026

Case Overview

Registration Number
5800221/2020
Registration Date
31 Jan 2020
Next Hearing Date
03 Oct 2026
Case Stage
FOR HEARING

Advocates

1

For Petitioner

For Respondent

    Not available

    Parties

    2

    Acts & Sections

    1
    NEGOTIABLE INSTRUMENTS ACT · Sec 138

    Case History / Proceedings

    Case History
    Date: 11-03-2020
    Business: When matter is called out
    Complainant is present Advocate for Complainant is present
    Adj for Verification statement
    Next Purpose: FOR VERIFICATION
    Next Hearing Date: 23-04-2020
    
    Date: 23-04-2020
    Reason For Adjournment: National Lock Down extended up to 3rd May 2020
    Next Purpose: FOR VERIFICATION
    Next Hearing Date: 28-05-2020
    
    Date: 28-05-2020
    Business: National Lock down extended up to 31st May 2020
    Next Purpose: FOR VERIFICATION
    Next Hearing Date: 22-07-2020
    
    Date: 22-07-2020
    Business: As per directions of Hon''ble High Court, due to precautions against corona virus and as there is no urgency in the matter, hence case is adjourned.
    Next Purpose: FOR VERIFICATION
    Next Hearing Date: 28-09-2020
    
    Date: 28-09-2020
    Business: As Ld M.M.is on leave.
    Charge is with Ld. M.M. 71st court.
    Adj for.
    Next Purpose: FOR VERIFICATION
    Next Hearing Date: 15-12-2020
    
    Date: 15-12-2020
    Business: When called out, complainant absent, his advocate absent. Accused absent, his advocate absent. Hence matter is adjourned.
    Next Purpose: FOR VERIFICATION
    Next Hearing Date: 01-03-2021
    
    Date: 01-03-2021
    Business: When called out, complainant present, his advocate present.
    Exh.6. Verification statement filed today.
    for verification.
    Next Purpose: FOR VERIFICATION
    Next Hearing Date: 24-03-2021
    
    Date: 24-03-2021
    Business: When called out complainant present with advocate.
    Order below exh.1.
    Read complaint and verification .
    Process issue against accused 1 to 8 u/s.138 N.I.Act.
    Issue summons to accused 1 to 8
    For summon report.
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 11-06-2021
    
    Date: 11-06-2021
    Business: As per direction of SOP issued by Honourable High court and Honourable C.M.M Mumbai ( Office order No Estt. 16/679/2021 dt. 17.4.21. C.M.M office Esplanade, Mumbai ) board discharge.
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 30-08-2021
    
    Date: 30-08-2021
    Business: When matter is called out.
    Complainant is present Advocate for the Complainant is present.
    Accused is absent advocate for the accused is present.
    Exh. 07- Advocate for the accused no. 1 is given vakalatnama.
    Filed.
    Exh. 08- Advocate for the accused is given application for placing record order of Bombay High Court.
    Granted.
    Exh. 09- Advocate for the complainant is given affidavit of service of summons.
    Seen and filed.
    Adj for Plea of the accused or Further order of Superior Court.
    Next Purpose: NOT HEARD AT 2.45 P.M.
    Next Hearing Date: 21-12-2021
    
    Date: 21-12-2021
    Business: When matter is called out. Complainant is present Advocate for the Complainant is present. Accused is absent advocate for the accused is present. Exh. 10-  adv. for complainant is given application for recording plea of accused/ warrant. The accused has filed revision against order of issuance of process. Hence application is rejected.  Exh. 11- Advocate for the accused  is given application for placing on record order. filed.  Adj for Plea of the accused or Further order of Superior Court.
    Next Purpose: NOT HEARD AT 2.45 P.M.
    Next Hearing Date: 29-03-2022
    
    Date: 29-03-2022
    Business: When matter is called out Complainant present and Advocate for complainant is present. Accused is absent. Advocate for accused is present. Adj for
    Next Purpose: NOT HEARD AT 2.45 P.M.
    Next Hearing Date: 27-05-2022
    
    Date: 27-05-2022
    Business: When matter is called out complainant present and his advocate present accused absent and his advocate present.
    Adj for further taken steps
    Next Purpose: NOT HEARD AT 2.45 P.M.
    Next Hearing Date: 16-09-2022
    
    Date: 15-09-2022
    Business: When matter is called out Complainant and his advocate is present Exh. 7- Complainant is given verification statement Read and recorded O/Exh.1- Issue process against the accused u/s. 138 of the Negotiable Instrument Act Adj for summons report
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 01-12-2022
    
    Date: 16-09-2022
    Business: NT
    Next Purpose: Stayed Case
    Next Hearing Date: 30-11-2022
    
    Date: 01-12-2022
    Business: When called out. complainant present his advocate present.
    Adj for summons report.
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 16-02-2023
    
    Date: 16-02-2023
    Business: When matter is called out Complainant absent and his advocate is present. Accused is absent. Advocate for accused is present. Exh. 10 application for warrant. O/- application is rejected. Exh. 11 Application for adjournment, granted. EXh. 12 application for exemption for accused no. 2 and 3. granted.
    Adj for summons report.
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 01-04-2023
    
    Date: 01-04-2023
    Business: Today accused and his advocate are present.
    Application for taking matter on todays board.O/Exh- 13 Allowed.
    application for bail on behalf of the accused. O/Exh- 14 Accused be released on PB and Cash security of Rs. 8000 each.
    Exh- 15 plea of accused no 2 and 3 is recorded today.
    Exh- 16 & Exh -17 PR Bond and Cash Bond of Rs. 8000/-
    Adj for.
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 13-04-2023
    
    Date: 13-04-2023
    Business: When called out. complainant present his advocate present. accused absent and his advocate present.
    Adj for summons report.
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 27-07-2023
    
    Date: 27-07-2023
    Business: When called out. complainant absent and his advocate present. Accused is absent. Advocate for accused is present. Exh.18 Advocate for accused filed application for calling upon interim resolutioin appearing on behalf of accused no.1. O/- Complainant to say. Advocate for accused no. 2 and 3. filed exemption application. Granted. Advocate for accused no 4,5,6 given adjournment application . Granted. Adj for say of complainant on Exh.18
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 17-08-2023
    
    Date: 17-08-2023
    Business: Ld, M.M. is on leave.Charge is with M.M. 71st court. Hence, board discharged.
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 11-09-2023
    
    Date: 11-09-2023
    Business: Today Case is TOB
    accused through his advocate filed application for seeking permission to travel abroad. O/- Issue Notice to respondents.
    Adj for hearing on
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 16-09-2023
    
    Date: 16-09-2023
    Business: Order below Exh. 34 1. The accused is granted permission to travel abroad on condition that whenever his presence is required, he will remain present on giving notice to his advocate. 2. Advocate for accused shall conduct the trial in absence of accused without seeking any adjournment. 3. Order dictated and pronounced in open court.
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 23-11-2023
    
    Date: 23-11-2023
    Business: Ld. MM. is on leave. charge with Ld. MM. 71st court. Hence board is discharged.
    Next Purpose: Awaiting services of notice / summons
    Next Hearing Date: 24-01-2024
    
    Date: 24-01-2024
    Business: when called out complainant present and his advocate present. accused present and his advocate present. Exh. 25 application for seeking permission to travel abroad. O/- complainant to say and issue notice to respondent no. 3.
    Exh. 26  application for stay u/s 96 A. No. 2 (1).O/- complainant to say. Exh. 27 application for stay u/s 96 (1) A. No. 3 O/-complainant to say. Exh. 28 application for bail. O/- accused is released on bail his executing PB ans SB for Rs. 7000/- cash bail allowed. Exh. 29-31 PR and cash bond. Exh. 32 plea of the accused is recording.
    Adj for filling affidavit of evidence.
    Next Purpose: FOR HEARING
    Next Hearing Date: 22-03-2024
    
    Date: 22-03-2024
    Business: L.d M.M. is on leave. Hence board is discharged. Charge with M.M.32nd court.
    Next Purpose: FOR HEARING
    Next Hearing Date: 04-06-2024
    
    Date: 04-06-2024
    Business: when called out complainant present and his advocate present. accused absent and his advocate present. Exh. 33  Reply of the complainant A. No. 1. seen. Exh. 34 Reply of the complainant. A. No. 2.  seen.
    Exh. 35 reply of accused No. 3 seen.
    Exh. 36  application for deposit of cheque amount u/s 143A. O. S. to say.   Exh. 37 application for exemption. of accused No. 2 to 6 granted.
    Adj for filling affidavit of evidence.
    Next Purpose: FOR HEARING
    Next Hearing Date: 08-08-2024
    
    Date: 08-08-2024
    Business: Ld. JMFC has gone for training at NFSU, Delhi charge with Ld. JMFC 71st court. Hence board is discharge. adj for
    Next Purpose: FOR HEARING
    Next Hearing Date: 03-10-2024
    
    Date: 03-10-2024
    Business: Ld. JMFC is on leave charge with Ld. JMFC 71st court. Hence board is discharge.
    adj for.
    Next Purpose: FOR HEARING
    Next Hearing Date: 20-11-2024
    
    Date: 20-11-2024
    Business: Today 20.11.2024 hereby declared as a holiday on account of Polling Day for Assembly General Elections 2024 and lieu of this holiday case taken up on 23.11.2024.
     Office Order No. Estt. 16/2043/2024 Honble CJM Office.
    Next Purpose: FOR HEARING
    Next Hearing Date: 23-11-2024
    
    Date: 23-11-2024
    Business: when called out complainant present and his advocate present. accused absent and his advocate present. Official Liquidator Advocate present. Exh.  application for reply. seen. Exh. application for exemption. granted.
    Adj for filling affidavit of evidence.
    Next Purpose: FOR HEARING
    Next Hearing Date: 18-01-2025
    
    Date: 18-01-2025
    Business: when called out complainant present and his advocate present. accused absent and his A. 6 advocate present. Official Liquidator Advocate present. Adj for filling affidavit of evidence.
    Next Purpose: FOR HEARING
    Next Hearing Date: 29-03-2025
    
    Date: 29-03-2025
    Business: Ld. JMFC is on leave charge with Ld. JMFC 71 court.
    Hence board is discharge.
    adj for.
    Next Purpose: FOR HEARING
    Next Hearing Date: 09-05-2025
    
    Date: 09-05-2025
    Business: when called out complainant absent and his holding advocate present. accused absent and his Advocate present. Application for exemption of accused no. 2 to 6. O/- Granted. Adj for filling affidavit of evidence.
    Next Purpose: FOR HEARING
    Next Hearing Date: 10-07-2025
    
    Date: 10-07-2025
    Business: when called out complainant absent and his advocate present. accused absent and his Advocate present. Order below Exh.36  1. The application is rejected. 2. Parties are directed to go for trial and lead evidence.  Application for exemption of accused no. 2 to 6. O/- Granted. Adj for filling affidavit of evidence.
    Next Purpose: FOR HEARING
    Next Hearing Date: 18-07-2025
    
    Date: 18-07-2025
    Business: when called out complainant absent and his advocate present. accused absent and his Advocate present.
    Order below Exh. 26 and 27.
    1. application is rejected with costs of Rs. 50000/- to be paid to Legal Aid Fund.
    2. Costs are condition precedent to exercise further right of cross examination lead evidence in defence.
    3. Oder dictated and pronounced in open court.
    4. Order be uploaded on court web portal.
    Adj for filling affidavit of evidence.
    Next Purpose: FOR HEARING
    Next Hearing Date: 26-08-2025
    
    Date: 26-08-2025
    Business: when called out complainant present and his advocate present. accused No. 5 present and his Advocate present. Exh. 39 Pursis seen.
    Exh. 40 application for substitution accused to say.
    Order below Exh. 18
    1. application is rejected.
    2. Order dictated and pronounced in open court.
    3. Order be uploaded forthwith on court web portal.
    Adj for filling affidavit of evidence.
    Next Purpose: FOR HEARING
    Next Hearing Date: 17-10-2025
    
    Date: 17-10-2025
    Business: when called out complainant absent and his advocate present. accused absent and his Advocate present. Adj for filling affidavit of evidence.
    Next Purpose: FOR HEARING
    Next Hearing Date: 15-01-2026
    
    Date: 15-01-2026
    Business: Holiday is declare on account of polling day. adj for
    Next Purpose: FOR HEARING
    Next Hearing Date: 24-04-2026
    
    Date: 24-04-2026
    Business: called on today. complainants authorised representative and advocate present. advocate for accused present. accused absent. accused filed reply to the substitution application of complainant. Heard advocate for accused who submitted that matter is pending before Honble High Court for quashing process. Complainant not appeared before High Court for intervention. Matter adj. for arguments on substitution application and order and for cross examination. advocate for accused to take note that matter is old one, unless trial court proceeding is stayed by High court, no adjournment would be granted on next date on any ground. adj for hearing to next date.
    Next Purpose: FOR HEARING
    Next Hearing Date: 23-07-2026
    
    Date: 23-07-2026
    Business: called on today. complainants authorised representative and advocate present. advocate for accused present. accused absent. exemption application accused No. 2,3,4,5,6 granted  pursis accused No. 2 to 6  read and record.
    Heard advocate for accused who submitted that matter is pending before Honble High Court for quashing process. Matter adj. for arguments on substitution application and order and for cross examination. advocate for accused to take note that matter is old one, unless trial court proceeding is stayed by High court, no adjournment would be granted on next date on any ground. adj for hearing to next date.
    Next Purpose: FOR HEARING
    Next Hearing Date: 03-10-2026

    Additional Case Details

    Additional Case Details
    Filing Number: 7000980/2020
    Filing Date: 31-01-2020
    First Hearing Date: 11th March 2020
    Court Number And Judge: 58-JUDICIAL MAGISTRATE FIRST CLASS 58TH COURT

    Orders

    8
    Interim Order 4Full order available
    26 Aug 2025

    Order Details: Order Below EX 1 Pdf Text: MHMM180006732020 Summons Cases SS/5800221/2020 KOTAK MAHINDRA BANK LTD Vs. GUPTA SYNTHETICS LTD AND ORS IN THE COURT OF THE JUDICIAL MAGISTRATE, FIRST CLASS, 58TH COURT, BANDRA, MUMBAI ORDER BELOW APPLICATION EXH.18 This is an application for calling upon Interim Resolution Professional (IRP) appearing on behalf of accused No.1 company to give certain undertakings as called for by the accused. 2. The Interim Resolution Professional (IRP) has objected the application vide detailed reply…

    Read Full Order
    Interim Order 3Full order available
    18 Jul 2025

    Order Details: Order Below EX 1 Pdf Text: MHMM180006732020 Summons Case No.5800221/SS/2020 KOTAK MAHINDRA BANK LTD Vs. GUPTA SYNTHETICS LTD AND ORS IN THE COURT OF THE JUDICIAL MAGISTRATE, FIRST CLASS, 58TH COURT, BANDRA, MUMBAI COMMON ORDER BELOW APPLICATIONS EXH.26 AND 27 Vide captioned applications accused Nos.2 and 3 have prayed for stay of the trial against them till the adjudication of proceeding under section 94 of the Insolvency and Bankruptcy Code 2016. 2. It is contended on behalf of…

    Read Full Order
    Interim Order 2Full order available
    10 Jul 2025

    Order Details: Order Below EX 1 Pdf Text: MHMM180006732020 Summons Cases SS/5800221/2020 KOTAK MAHINDRA BANK LTD Vs. GUPTA SYNTHETICS LTD AND ORS IN THE COURT OF JUDICIAL MAGISTRATE(FIRST CLASS), 58TH COURT, BANDRA, MUMBAI ORDER BELOW APPLICATION EXH.36 Application is filed on behalf of complainant for granting an interim compensation u/sec.143-A of the Negotiable Instrument Act. 2. Accused No.3 resisted the application vide Exh.33. 3. Heard both sides. 4. Already accused No.1 company is under liquidation. Interim Resolution Professional is already…

    Read Full Order
    Interim Order 1Full order available
    16 Sept 2023

    Order Details: Order Below EX 1 Pdf Text: C. C. No.221/SS/2020 Order Below Exh.22 MHMM180006732020 C. C. No.221/SS/2020 KOTAK MAHINDRA BANK LTD Vs. GUPTA SYNTHETICS LTD AND ORS IN THE COURT OF THE METROPOLITAN MAGISTRATE, 58TH COURT, BANDRA, MUMBAI ORDER BELOW APPLICATION EXH.22 1. This is application for granting permission to the accused to travel abroad. 2. Respondent No.1/Original complainant objected the application on the ground that the passport is already impounded by the respondent No.3. Unless passport is released…

    Read Full Order
    Order 4Full order available
    26 Aug 2025

    Order Details: Order Below EX 1 Pdf Text: MHMM180006732020 Summons Cases SS/5800221/2020 KOTAK MAHINDRA BANK LTD Vs. GUPTA SYNTHETICS LTD AND ORS IN THE COURT OF THE JUDICIAL MAGISTRATE, FIRST CLASS, 58TH COURT, BANDRA, MUMBAI ORDER BELOW APPLICATION EXH.18 This is an application for calling upon Interim Resolution Professional (IRP) appearing on behalf of accused No.1 company to give certain undertakings as called for by the accused. 2. The Interim Resolution Professional (IRP) has objected the application vide detailed reply…

    Read Full Order
    Order 3Full order available
    18 Jul 2025

    Order Details: Order Below EX 1 Pdf Text: MHMM180006732020 Summons Case No.5800221/SS/2020 KOTAK MAHINDRA BANK LTD Vs. GUPTA SYNTHETICS LTD AND ORS IN THE COURT OF THE JUDICIAL MAGISTRATE, FIRST CLASS, 58TH COURT, BANDRA, MUMBAI COMMON ORDER BELOW APPLICATIONS EXH.26 AND 27 Vide captioned applications accused Nos.2 and 3 have prayed for stay of the trial against them till the adjudication of proceeding under section 94 of the Insolvency and Bankruptcy Code 2016. 2. It is contended on behalf of…

    Read Full Order
    Order 2Full order available
    10 Jul 2025

    Order Details: Order Below EX 1 Pdf Text: MHMM180006732020 Summons Cases SS/5800221/2020 KOTAK MAHINDRA BANK LTD Vs. GUPTA SYNTHETICS LTD AND ORS IN THE COURT OF JUDICIAL MAGISTRATE(FIRST CLASS), 58TH COURT, BANDRA, MUMBAI ORDER BELOW APPLICATION EXH.36 Application is filed on behalf of complainant for granting an interim compensation u/sec.143-A of the Negotiable Instrument Act. 2. Accused No.3 resisted the application vide Exh.33. 3. Heard both sides. 4. Already accused No.1 company is under liquidation. Interim Resolution Professional is already…

    Read Full Order
    Order 1Full order available
    16 Sept 2023

    Order Details: Order Below EX 1 Pdf Text: C. C. No.221/SS/2020 Order Below Exh.22 MHMM180006732020 C. C. No.221/SS/2020 KOTAK MAHINDRA BANK LTD Vs. GUPTA SYNTHETICS LTD AND ORS IN THE COURT OF THE METROPOLITAN MAGISTRATE, 58TH COURT, BANDRA, MUMBAI ORDER BELOW APPLICATION EXH.22 1. This is application for granting permission to the accused to travel abroad. 2. Respondent No.1/Original complainant objected the application on the ground that the passport is already impounded by the respondent No.3. Unless passport is released…

    Read Full Order

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