Cheque Dishonour Complaint shared Against Vanraj Steels For ₹38,00,00,000
The company has shared a criminal complaint (Case No. 614 of 2026) under Section 138 of the Negotiable Instruments Act before the SDJM Court, Chandil, against M/s Vanraj Steels Private Limited & Others.
- Case Number
- 614 of 2026
- Statute
- Section 138 of the Negotiable Instruments Act
- Court
- SDJM Court, Chandil
- Dispute Amount
- ₹38,00,00,000 (Rupees Thirty-Eight Crores)
- Defendant
- M/s Vanraj Steels Private Limited & Others
What happened
The company informed BSE that it has shared a complaint under Section 138 read with Section 142 of the Negotiable Instruments Act, 1881, before the court of the Sub-Divisional Judicial Magistrate at Chandil, Seraikela-Kharsawan.
- Complaint Case No. 614 of 2026
- Against M/s Vanraj Steels Private Limited & Others
- Relates to dishonour of cheques aggregating ₹38,00,00,000 (Rupees Thirty-Eight Crores only)
- The cheques were issued in discharge of the party's outstanding liability towards the company
What it means in simple terms
Section 138 is the cheque-bounce provision. When a cheque given to settle a debt is returned unpaid, the receiver can start a criminal case against the issuer. Here the company is the complainant, meaning it is the party trying to recover money owed to it.
The amount involved is a receivable from a customer or debtor rather than a claim against the company. The outcome depends on the court process, and recovery timing is not certain at this stage.
More numbers
- Aggregate dishonoured cheque amount₹38,00,00,000/-
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