Bombay High Court Dismisses Petitions Against Issuance of Process Under Section 138 NI Act, Holding Mumbai Court Has Jurisdiction. Agreement Clause Fixing Place of Payment at Lender’s Corporate Office in Mumbai Confers Territorial Jurisdiction; Averments Against Directors Under Section 141 Deemed Sufficient at Preliminary Stage.
3 Dec 2010The dispute arose out of a loan‑cum‑hypothecation agreement dated 24‑1‑2008 between IDEB Projects Pvt. Ltd. (borrower) and L & T Finance Limit...




