AdvertisementJamboo Bhandari Vs State Industrial Development Corporation Ltd. & Ors. (Supreme Court of India) The Supreme Court considered appeals filed by the accused who had been convicted by the Judicial Magistrate on a complaint under Section 138 of the Negotiable Instruments Act, 1881. The Magistrate convicted the appellants and directed them to pay the cheque amount of ₹2,52,36,985 along with interest at 9% per annum. The appellants challenged the conviction before the Sessions Court, which, while considering their applications under Section 389 of the Code of Criminal Procedure, 1973 for suspe...