Dear sirs,
Facts happened :-
Mr. A, Mr. B and Mr. C are directors in ABC Pvt. Ltd. and Mr. A also had another proprietory business namely M/s. PQR
Mr. X is third party and he has been dealing with M/s. POR since last 5 years and hence he knew that PQR is proprietory concern and it is totally different from M/s. ABC Pvt. Ltd.
Note :- Mr. B and C were against Mr. X because he was not proper person and hence Mr. X was always angry with Mr. B and Mr C.
Last year Mr. A has given one Cheque of Rs.2,00,000/- to Mr. X. This cheque was issued from the proprietory concern M/s. PQR and the said cheque was not passed by Mr. A..
But, Mr. X took legal actions against u/s. 138 of N.I. Act against M/s. ABC Pvt; Ltd. Company and its all directors Mr. A Mr. B and Mr. C
The trial Court issued Process against all the three directors and also against Pvt. Ltd. Company, too
But in Revision Application the Session Court set aside the Order of Magistrate and directed to proceed the matter against Mr. A only.
My problem
Such acts of Mr. X has defamed Mr. B and hence private finances presurrised Mr. B to repay loan and hence Mr. B had to sell his own belongings and repay their loans.
No other financer was ready to help such person whose name was listed in defaulter list in N.I. Act. and he was duped of about Rs.5,00,000/- and not only that but he had to shift from Mumbai to Delhi
It was defamation and wrongful losses of Mr. B which was caused by Mr. X with bad-intention to take revenge because Mr. B always used to say his Partner Mr. A to not to deal with Mr. X.
How to punish Mr. X ?
How to recover money-loss from him ?
kindly guide.