This is a private complaint filed under section 200 of
Cr.P.C., against the accused for the offence punishable under
section 138 of the Negotiable Instruments Act.
02.The brief facts of the complaint is as under:
The complainant, accused and her husband are well
known to each other since many years. In that acquaintance,
the accused and her husband have borrowed a sum of
Rs.14,00,000/- during the first week of March-2020 from the
complainant to meet her business expenses of Nikitha
Makeup Studio and Academy of accused situated at No.581,
3rd Stage, 4th Block, Basaveshwaranagar, Bengaluru-86 and to
meet financial obligations. Further accused and her husband
have jointly promised to return the said amount within three
months. As per their request, husband of complainant lend
Rs.6,50,000/- from his personal funds and complainant has
lend Rs.7,50,000/- out of her own funds to the accused and
her husband. To discharge said liability, accused has issued a
cheque bearing No.853754 dated 20-02-2021 for
Rs.7,50,000/- drawn on Corporation Bank, Mahalaxmi Layout
branch, Bengaluru, in favour of the complainant. The
complainant presented said cheque for encashment through
her banker Punjab National Bank and Branch, Bengaluru on
20-02-2021. The cheque is returned unpaid with bank
endorsement dated:22-02-2021 showing cheque is
dishonoured for the reason “Funds Insufficient”.