Rayen Steels' Quash Petitions Dismissed Karnataka

Authority: High Court of Karnataka at Bengaluru (Hon'ble Ms Justice J.M. Khazi)

Order Date: 26 June 2025

1. Rayen Steels Pvt. Ltd.

2. Gattu Ramu, Managing Director, Rayen Steels Pvt. Ltd.

3. Sheshankoti Prakash, Director, Rayen Steels Pvt. Ltd.

4. Acchanala Manohar, Director, Rayen Steels Pvt. Ltd.

Respondent: Xindia Steels Limited, represented by its authorised representative Mr. Swaminathan (GM – Admin & Sales).
Petitions Filed: CRL.P No. 6655/2019 and CRL.P No. 6654/2019, both under Section 482 of the Criminal Procedure Code, seeking to quash criminal proceedings initiated against the petitioners.
Underlying Criminal Cases: C.C. No. 55993/2018 and C.C. No. 55994/2018, filed by the first respondent (Xindia Steels Limited) alleging offences punishable under Section 138 of the Negotiable Instruments Act.
Counsel Appearances: Respondent’s counsel Mr. Swaminathan was present physically. Petitioners’ counsel, Sri. Ramana M.V.V, appeared via video‑conference and informed the Court that he had retired from the case as per the order dated 30.07.2024.
Court Observations: The Court noted that the petitioners displayed no interest in prosecuting the petitions.

The two petitions are dismissed for non‑prosecution.
Consequently, any pending applications, if any, stand disposed of; no separate order is required.

Topics: Legal Proceedings, Section 138 NI Act, Corporate Litigation