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The complainant has filed this complaint Under
Section 200 of Cr.P.C against the accused alleging that
the accused has committed an offence punishable Under
Sec.138 of the Negotiable Instruments Act, 1881. (In
short N.I.Act).
2. The brief facts of the complainant’s case are
as under :
It is the case of the complainant that,the
complainant is registered finance Company having its
Corporate Office at No.66, Arcot Road, Kodambakam,
Chennai-6000024 and having one of its branch at
Shivajinagar, Bangalore, being a legal entity and it has
right to recover the money due from the subscribers and
the guarantors. Further, in the course of chit business,
accused subscribed the chit group bearing
No.G2G/0083/MSR/18 carried by complainant for a chit
group for a sum of Rs.3,00,000/-. After bidding the
above said chit, accused become a defaulter. Inspite of
repeated requests and demands made by the
complainant for repayment of the chit installment
amount due by accused, accused issued cheque bearing
No.381368 for Rs.3,57,742/- dated 06.03.2020 drawn on
State Bank of India, Shivaji Nagar Branch, Bengaluru.
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