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This is a private complaint filed by the complainant
against the accused no.1 & 2 for the offence punishable
under Section 138 of Negotiable Instruments Act.
2. The brief facts of the complainant’s case is as
under:
It is contended that, the complainant and the accused
no.1 are the friends from past 5 years. The accused no.2 is
the wife of the accused no.1. The accused no.1 & 2 have
borrowed hand loan of Rs.12 lakhs on 20.03.2018 for their
family and business necessity and have executed the loan
agreement. They have agreed to return back Rs.9 lakhs on
18.09.2018 and Rs.3 lakhs on 09.10.2018 and also issued
two cheques bearing No.000005, dt: 18.09.2018 for Rs. 9
lakhs and 000004, dt:09.10.2018 for Rs.3 lakhs, both drawn
on Lakshmi Villas Bank, Basaveshwaranagar Branch,
C.C.No. 30531/2018
Bengaluru, to the complainant assuring to return back the
amount and in failing to return the amount, the
complainant can claim 18% interest p.a on the loan amount.
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