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C.C. No.3053/14; The Federal Bank Ltd. Vs. M/s Golden Power Products and Ors.

8. During the defence evidence, Kashmiri Lal Bhola, Director of Secos India Pvt. Ltd. examined as DW1. Pradeep Dutta as DW2, Sh. Naveen Jain as DW3 and accused no.2 Vipin Kumar Parwanda as DW4.

9. DW1 deposed that he was one of the directors of M/s Secos India Pvt. Ltd. He denied any business dealings with M/s Golden Power Products Ltd. within his knowledge. He admitted that M/s Secos India Pvt. Ltd. was having a bank account with Federal Bank. He also stated that other directors of the company including accused Vipin Parwanda used to assign work to him. He admitted that a resolution was passed by his company in his favour to operate its account with Federal Bank. He also admitted that impugned cheque Ex.CW1/2 & Ex.CW1/3 were issued by the accused company, i.e., Golden Power Product Ltd. in favour of Secos India Pvt. Ltd. He further deposed that he was one of the directors of the company at the time of getting the impugned cheque discounted from the Federal Bank. He identified the signatures of Mr. Pradeep Dutta on document Ex.CW1/DA, i.e., request of his company made to Federal Bank for purchasing the impugned cheques. He deposed that he and Mr. Vipin Parwanda, accused no.2 were authorized to operate the accused with Federal Bank.