Supreme Court Transfers NI Act Case – Indostar

Authority: Supreme Court of India

Order Date: 18-09-2026

Case Overview

• Petition: Transfer Petition (Criminal) No. 915/2026 filed by Anchal Seth against Indostar Capital Finance Limited.
• Relief sought: Transfer of criminal proceedings (NACT‑5912/2024) under Section 138/142 of the Negotiable Instrument Act from Judicial Magistrate First Class‑20, Jalandhar, Punjab to the Chief Judicial Magistrate, Kanpur, Uttar Pradesh.
• Background: The Jalandhar proceedings have been pending for more than two years; the parties were earlier referred to mediation to resolve the dispute.
• Counsel for the petitioner requested a short accommodation to ascertain the final outcome of the mediation and the current stage of trial.

Final Outcome

• The Court directed that the matter be listed after four weeks, effectively postponing any immediate transfer decision pending further clarification.

Topics: Legal Transfer, Negotiable Instrument Act, Financial Services