Crompton Greaves Consumer Electricals Limited (‘CGCEL’) has announced that the Hon’ble Court acquitted Mr. Satya Prakash Pandey, Proprietor of Harshu Enterprises, in proceedings initiated by CGCEL under Section 138 of the Negotiable Instruments Act. The case was related to a cheque for ₹5,00,598/-. This announcement was made on November 13, 2025.
Acquittal in Legal Proceedings
The Judicial Magistrate First Class (NI Act), Saket Court, Delhi, has acquitted Mr. Satya Prakash Pandey, Proprietor of Harshu Enterprises, in a case where he was alleged to have committed an offence punishable under Section 138 of the Negotiable Instruments Act. The order was received on November 12, 2025 at 16:20 hours.
Details of the Case
Crompton Greaves Consumer Electricals Limited (‘CGCEL’) had initiated proceedings against Mr. Satya Prakash Pandey, Proprietor of Harshu Enterprises, under Section 138 of the Negotiable Instruments Act. The case was connected to cheque no. 020447 dated July 4, 2020, amounting to ₹5,00,598/-.
Financial Impact
While the case involved an amount of ₹5,00,598.00/-, the company states that there is no material impact on the financials, operations, or other activities of the Company as a result of this acquittal.
Source: BSE
