The Complainant has filed this complaint against
the accused under the provisions of Sec.200 of the Code
of Criminal Procedure, for the offence punishable
U/Sec.138 of the Negotiable Instruments Act.
2. The case of the Complainant is as under:-
It is stated that they have engaged in the business
of providing finance to the prospective customers in the
name and style of M/s Spoorthi Finance and
Enterprises. The accused has approached the
complainant to lend the money for a sum of Rs.85,000/-
for his business purpose on monthly repayment terms.
The accused has received the said amount from the
complainant on 17.07.2019 and agreed to repay the
same with interest @ 18% per annum on or before
17.07.2019. After receiving the said amount, the
accused failed and neglected to pay the same as agreed.