Financial Litigation
Successful Recovery of ₹85 Lakhs in High-Stake Cheque Bounce & Commercial Summary Suit
Date: March 2026
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Representation: Manufacturing Enterprise
Case Synopsis
A vendor defaulted on multiple commercial invoices and issued cheques that returned dishonoured with the remark "Payment Stopped by Drawer".
The Legal Challenge & Evidentiary Hurdle
The debtor attempted to transfer company assets and dissolve bank accounts to evade payment obligations.
Defence Strategy & Jurisprudence Invoked
We simultaneous initiated Section 138 NI Act prosecution and filed a Commercial Summary Suit under Order 37 CPC along with an application for attachment of assets before judgment.
Court Verdict & Final Resolution
Faced with impending attachment and criminal summons, the debtor executed a court-recorded settlement paying the entire ₹85 Lakhs plus interest within 60 days.
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