The complainant has filed the complaint under Section 200
of Criminal Procedure Code against the accused for the offence
punishable under Section 138 Negotiable Instruments Act.
2. The brief case of the complainant is as under:
That the complainant is dealing in paper, paper products,
flex materials etc. The accused is one of the customer of the
complainant and he has purchased goods on credit from
01.04.2022 to 31.3.2023 under credit invoices as per the
statement of account from Bangalore and 30.04.2022 to
31.03.2023 from Telangana, Hyderabad Branch. The accused
was in due of Rs.4,84,917.60/- towards principle plus interest
Rs.91,0000.24 totally Rs.5,75,919.00. The accused towards
payment of said due issued a cheque bearing No.185940 dated
20.10.2023 for Rs.4,84,917.76 drawn on ICICI Bank. The
complainant presented the said cheque through its banker ie
Standard Chartered Bank, Koramangala, Bangalore and said
cheque returned dishonored on 02.12.2023 for the reason
“Funds Insufficient”. Therefore the complainant got issued legal
notice dated 11.12.2023 calling upon the accused to pay the
amount covered in the cheque. The notice was duly served on
the accused on 13.12.2023. Inspite of service of notice, the
accused failed to pay the claim amount to the complainant
C.C.No.8914/2024
within the statutory time. Therefore, the accused has committed
the offence under Section 138 of Negotiable Instruments Act.