:
This complaint is instituted by the complainant against
the accused under Section 200 of Cr.P.C. for the offence
punishable under Section 138 of Negotiable Instruments Act-
1881.
2. The Case of the complainant as per complaint
averments is as follows:
The complainant company is registered under the
provisions of the Companies Act. Accused had approached the
complainant company seeking financial assistance and availed
housing loan of Rs.20,00,000/- and he is required to repay the
same as per the terms of the agreement. Further, towards
partial discharge of existing legally enforceable contractual
SCCH-10
debt, the accused has issued a cheque for a sum of
Rs.20,00,000/-. The said cheque when presented was returned
dishonoured for ‘Funds Insufficient’. Then, the complainant got
issued a legal notice to the accused calling upon him to pay the
amount covered under the cheque. Despite receipt of notice, the
accused has not paid the cheque amount. Thus, the accused
has committed the offence punishable U/Sec.138 of Negotiable
Instruments Act. Hence, this complaint.