Bombay HC Dismisses TCI Finance Appeal

Authority: High Court of Judicature at Bombay, Criminal Appellate Jurisdiction

Order Date: 7 September 2026

Case Overview

• Appeal No. 822 of 2007, T.C.I. Finance Ltd (appellant) vs Salstar Foods & Beverages Ltd and others (respondents).
• Appeal challenged the order dated 21 December 2001 passed by the Additional Chief Metropolitan Magistrate, 37th Court, Esplanade, Mumbai, which dismissed the complaint for want of prosecution and acquitted respondents under Section 138 of the Negotiable Instruments Act.
• The appeal remained pending since 2007; no service of notice to respondents was effected, and the appellants showed no interest in pursuing prosecution.

Final Outcome

• The High Court dismissed the appeal for want of prosecution, leaving the 2001 magistrate order unchanged.

Topics: Section 138 NI Act, Cheque Bounce Litigation, Corporate Criminal Appeal