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M/S.Emfinity India It Solution ... vs Monexo Fintech Pvt. Ltd
2023 Latest Caselaw 11884 Mad

Citation : 2023 Latest Caselaw 11884 Mad
Judgement Date : 5 September, 2023

Madras High Court
M/S.Emfinity India It Solution ... vs Monexo Fintech Pvt. Ltd on 5 September, 2023
                                                                 Criminal Original Petition No.20501 of 2023

                                  IN THE HIGH COURT OF JUDICATURE AT MADRAS

                                                 DATED : 05.09.2023

                                                       CORAM

                            THE HONOURABLE MR.JUSTICE N.ANAND VENKATESH

                                      Criminal Original Petition No.20501 of 2023

                     1.M/s.Emfinity India IT Solution Pvt. Ltd. (closed company),
                       represented by its Director and CEO,
                       Mr.Karthick Raj Gnanamohan
                       No.14, Gandhim Pudur, Peelamedu,
                       Coimbatore - 641 015.
                       and at SNT Tower, 2nd Floor,
                       MTP Road, Murugan Nagar,
                       Thoppampatti Pirivu, Vadamadurai,
                       Coimbatore - 641 017.

                     2.Mr.Karthick Raj Gnanamohan
                       S/o.Gnanamohan previously at D-7, Raja Rajeswari Nagar,
                       Thoppampatti, Coimbatore - 641 017.
                       and at SNT Tower, 2nd Floor,
                       MTP Road, Murugan Nagar,
                       Thoppampatti Pirivu, Vadamadurai,
                       Coimbatore - 641 017.
                       and now residing at
                       No.E-5, Anandhaya Villas,
                       Mestri Gounder Thottam,
                       Thudiyalur Kanuvai Road, Pannimadai Post,
                       Coimbatore - 641 017.                              ...Petitioners
                                                       Vs


                     1/6




https://www.mhc.tn.gov.in/judis
                                                                       Criminal Original Petition No.20501 of 2023

                     Monexo Fintech Pvt. Ltd.,
                     Having registered office at
                     No.174/2, 26th East Street,
                     Kamaraj Nagar, Thiruvanmiyur,
                     Chennai - 600 041.
                     represented by its Authorized Representative
                       cum Co-Founder, Mr.M.Sundar                                      ... Respondent

                     PRAYER : Criminal Original Petition filed under Section 482 of the Code
                     of Criminal Procedure, 1973, praying to set aside the order passed by
                     learned Principal Sessions Judge, Chennai, in Crl.M.P.No.1 of 2023 in
                     C.A.No.491 of 2023 dated 29.08.2023 and consequently, suspend the
                     sentence imposed on the petitioner passed by learned Metropolitan
                     Magistrate, FTC II, Egmore @ Allikulam, Chennai, made in C.C.No.4438
                     of 2019.


                                              For Petitioners   : Mr.A.R.Suresh
                                                            *****

                                                           ORDER

This Criminal Original Petition has been filed challenging the order

passed by the Court below dismissing the petition filed by the petitioners in

Crl.M.P.No.1 of 2023 in C.A.No.491 of 2023, dated 29.08.2023 seeking for

suspension of sentence pending Crl.A.No.491 of 2023.

https://www.mhc.tn.gov.in/judis Criminal Original Petition No.20501 of 2023

2. The petitioners were convicted for offence u/s.138 of the

Negotiable Instruments Act and were sentenced to undergo 6 months simple

imprisonment and to pay the cheque amount as compensation and in default

to undergo 2 months simple imprisonment. This judgment was passed by

learned Metropolitan Magistrate, FTC II, Egmore, on 26.07.2023. While

passing this judgment, the trial Court itself had suspended the sentence till

24.08.2023.

3. Aggrieved by the above judgment, the petitioner filed an appeal

before the Court below in Crl.A.No.491 of 2023. Pending the appeal, the

petitioner filed a petition seeking for suspension of sentence. The Court

below dismissed the petition on the ground that the period for which the

trial Court had granted suspension of sentence had already expired.

Aggrieved by the same, the present petition has been filed before this Court.

4. Heard learned counsel for petitioners and carefully perused the

materials available on record.

https://www.mhc.tn.gov.in/judis Criminal Original Petition No.20501 of 2023

5. Taking into consideration the facts and circumstances of the case,

this Court is inclined to dispose of the present petition in the following

terms:

(a) the petitioners are directed to surrender before the XXII Additional City

Civil Court, Chennai, on or before 11.09.2023 and file a bail application

before the concerned Court;

(b) the petitioners shall deposit 20% of the compensation amount fixed by

the trial Court within a period of 60 days, to the credit of C.C.No.4438 of

2019;

(c) the XXII Additional City Civil Court, Chennai, shall grant interim bail to

the petitioners for a period of 60 days;

(d) if the petitioners deposit the compensation amount within the period of

60 days fixed by this Court, the bail order shall be made absolute by

imposing necessary conditions; and

(e) if the petitioners fail to deposit the compensation amount as directed by

this Court, interim bail order shall stand cancelled and the Court below

https://www.mhc.tn.gov.in/judis Criminal Original Petition No.20501 of 2023

shall make the petitioners to undergo the sentence imposed by the trial

Court.

Accordingly, this Criminal Original Petition is disposed of.

05.09.2023 Note: Issue order copy by 07.09.2023

Index : Yes/No Speaking order:Yes/No Neutral citation:Yes/No gm

To

1.The Principal Sessions Judge, Chennai.

2.The Metropolitan Magistrate, FTC II, Egmore @ Allikulam, Chennai.

3.The Public Prosecutor, High Court, Madras.

https://www.mhc.tn.gov.in/judis Criminal Original Petition No.20501 of 2023

N.ANAND VENKATESH, J

gm

Criminal Original Petition No.20501 of 2023

05.09.2023

https://www.mhc.tn.gov.in/judis

 
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