All the above said amount was paid by way of account transfer
(IMPS) through complainant account from Axis Bank Ltd.,
Rajajinagar Branch, Bangalore-560 010 to the accused bank
account in Federal Bank, Vijayanagara Branch, Bangalore-560
040. Further complainant has paid a sum of Rs.1,97,000/- by
way of cash to the accused in the month of January 2019 and
totally complainant has paid a sum of Rs.2,75,000/- as a
hand loan to the accused and accused categorically
undertaken to repay the above said borrowed loan amount
from the complainant by the end of July 2019. On repeated
request from the complainant for repayment of the loan
amount, accused had issued a cheque bearing No.152317
dated 16.08.2019 drawn on Federal Bank, Vijayanagara
Branch, Bangalore-560 040 towards repayment of the said
hand loan. The complainant presented the said cheque for
encashment on 26.08.2019 through his banker Axis Bank
Ltd., Rajajinagara Branch, Bangalore-560010 but the said
cheque returned with an endorsement dated 27.08.2019 for
the reason “Payment stopped by the drawer”. The
complainant got issued a legal notice dated 13.09.2019
through RPAD to the accused and the said legal notice duly
served to the accused on 16.09.2019 through RPAD and also
served through courier. Accordingly, the accused has
committed an offence punishable under Sec.138 of N.I Act.
Hence, this complaint.