This case has arisen from a complainant filing
a complaint against the accused No.1 to 3 under
Section 138 of the Negotiable Instruments Act.
2. The relevant facts required to adjudicate
this case are as follows:
The accused No.1 is a partnership firm and
the accused No.2 and 3 are its partners. The
accused No.1 is into the business of exporting
granites having branches in Mahalakshmipuram
approached the complainant and requested for a
C.C.No.35767/2021
hand loan of Rs.20 lakhs for the purpose of their
business in the year 2015. The accused No.2 and 3
voluntarily agreed to pay monthly interest of
Rs.70,000/-. As the accused No.2 and 3 were family
friends, the complainant agreed to advance the
loan.
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