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ARTICLE · 09 OCTOBER 2025

Unravelling The Conflict: Insolvency Proceedings And Dishonoured Cheques

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This case involves a criminal writ petition filed by Ortho Relief Hospital and Research Centre against M/s. Anand Distilleries and its Directors.

IndiaFinance and Banking
Aditya Suryavanshi
Aditya Suryavanshi

Facts

This case involves a criminal writ petition filed by Ortho Relief Hospital and Research Centre against M/s. Anand Distilleries and its Directors. The petitioner, a hospital, had extended a short-term loan of Rs. 15,00,000/- to the respondents in October 2015. Towards security, the respondents issued a post-dated cheque for the same amount. The petitioner claims to have received periodic interest payments until January 2018, after which the respondents stopped making payments.

In February 2018, the petitioner learned about insolvency proceedings initiated against M/s. Anand Distilleries under the Insolvency and Bankruptcy Code, 2016 (IB Code). The National Company Law Tribunal (NCLT) admitted the insolvency petition and appointed an Interim Resolution Professional (IRP). The petitioner lodged a claim with the IRP but received no communication regarding its status.

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