1. This case is registered U/sec. 200 of Cr.P.C
based on the written complaint given by the
complainant against the accused for the offence
punishable under Section 138 of Negotiable
Instrument Act, 1881 (hereinafter called as NI Act
for the purpose of brevity).
02. The case of the complainant in brief is as
follows:-
It is the case of the complainant that at the
request of the accused he has given hand loan of
Rs.3,00,000/- to the accused to meet his personal
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commitments. Though the accused has agreed to
repay the same within 3 months but failed to do
so. The accused has only paid a sum of
Rs. 15,000/- each on 05.04.2019 and 09.05.2019
by way of two cheques. For the payment of the
balance amount of Rs.2,70,000/- he had issued a
cheque bearing No.436254 dated 14.08.2019,
drawn at Karnataka Bank, Hunsamaranahalli
branch, Bengaluru. When the said cheque is
presented for encashment through his Banker at
Corporation Bank, Yelahanka Branch, Bengaluru,
it is dishonoured on 16.08.2019 with an
endorsement as “Funds Insufficient”. As such the
complainant has issued demand notice dt: