This is a private complaint filed U/Sec.200 of Cr.P.C.
against the accused for the alleged offence punishable U/Sec.138
of N.I. Act.
2. The brief facts of the case of the complainant is that:
The accused and complainant were known to each other for
several years. Having acquaintance with the complainant,
accused approached him and requested the complainant for
handloan of Rs.5,00,000/- to improve his school viz., Itsy Bitsy
International Pre-School and to clear his debts and also for his
family urgent financial needs and accused assured to repay the
same within one year with interest. Hence, complainant paid
Rs.5,00,000/- by way of cash on 01.11.2017 to the accused. After
lapse of stipulated period, complainant approached accused to
return the loan amount, but accused went on seeking time by
giving lame excuses and finally to discharge his loan due to the
complainant, the accused issued a post dated cheque bearing
No.992203 dated 29.07.2019 for a sum of Rs.5,00,000/-, drawn
on State Bank of Hyderabad, Rajajinagar Branch, Bengaluru, in
favor of the complainant. As per the instruction of the accused,
complainant has presented the said cheque for encashment
through his banker Karur Vysya Bank, J.P. Nagar Branch,
Bengaluru, but the said cheque came to be dishonored and
returned with shara “Funds Insufficient”. Hence he has issued
legal notice on 17.08.2019 through RPAD to the accused address
and the same was served. The accused has not paid the amount,
and hence, the complainant has filed the present complaint before
this Court.