The accused in this case is tried for the offence
punishable under Section 138 of Negotiable Instrument Act
1881, on the complaint of the complainant.
2. The summary of the complainant’s case is that:
The complainant is a corporate body, registered under
the Companies Act 1956, doing its Chit Business under the
Chits Funds Act 1982 and its registered and Corporate Office
of complainant is at Domlur Layout, Bengaluru and its one of
Branch Offices is at Domlur Layout, Bengaluru and it is doing
the Chits Business.
The accused is subscriber in complainant company and
she entered into chit group ticket No.GTL(5)-CBP-03/04
conducted by Complainant company for the chit amount of
Rs.2,00,000/- which is payable at Rs.6,000/- p.m. for the
period of 50 months and the said subscriber after participating
in the chit auction, offered the highest bid agreeing to forgo a
sum of Rs.90,000/- as a discount amount, which was duly
confirmed by complainant company and received the prize
amount of Rs.1,54,107/- on 06.01.2017 by Complainant
company. The accused executed required documents in favour
of complainant company as per law, such as On Demand
Promissory Note, Consideration Receipt, Surety etc., to the
satisfaction of the company, thereby making liberty to the
payment of the future monthly installments.