Please tell me the remedy for this case

maninder (Querist) 28 August 2013 This query is : Resolved
M/S ABC Limited has supplied 10000 TVs at Rs 10000/- per set to M/s xyz limited. The receipt of the Tv has been duly acknowledged over the delivery challan. After the expiry of two years from the date of supply, the party has issued cheques for a sum of Rs 10,00,00,000.The cheques upon presentation , have been dishonoured and no amount could be remitted to M/s ABC Limited, the supplier of the goods.

What are the various legal remedies available in M/s ABC for revovery of the amount under-

a)Negotiable instrument act
b)companies act
c)specific relief act.

In the aforesaid example, if it is case where 2000 tv's have been supplied beyond the sgreed delivery schedule and out of which 500 TVs were defective. M/s xYZ ltd had to incur a sum of Rs 50000/- for their repair so as to make them marketable.

Assuming no cheque have been issued by M/s XYZ Limited
1) What are the legal remedies avaailable to M/S Xyz ltd
2)what are the legal remedies available to M/s abc ltd

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