Gandhar Oil Refinery Acquitted in Cheque Dishonour Case

Gandhar Oil Refinery (India) Ltd has received an order from the Court of the Addl. Chief Judicial Magistrate, Nashik, acquitting the company in a case filed under Sections 138 and 141 of the Negotiable Instruments Act, 1881. The complaint, filed in 2014 by Shri Saptashringi Ispat Private Limited, alleged dishonour of cheques totaling Rs. 3,00,00,000. The court acquitted the accused due to the repeated absence of the complainant and its advocate, stopping the proceedings. No financial implications or penalties have been imposed on the company.