This case arises out of the complaint filed by the
complainant against the accused under section 200 of
Cr.P.C., for an offence punishable under section 138 of
Negotiable Instruments Act.
2. The case of the complainant’s in brief is as under:
It is the case of the complainant is that the partners
of the complainant is running the aforesaid concern and
having money lending licence. Further on 12.01.2018 the
accused had availed a loan of Rs.2,00,000/- from the
complainant by agreeing to pay the nominal interest at the
rate of 16% p.a. But the accused failed to pay interest or
principal amount. It is further stated that the accused
towards discharge of his part liability had issued the
cheque No.308970 dated: 30.07.2018 for Rs.2,00,000/-
drawn on Canara Bank, Hanumantha Nagar branch,
Bengaluru. As per the instructions of the accused the
complainant had presented the said cheque for
encashment through its banker the SVC Co.Op Bank Ltd.,
Hanumantha Nagar, Bengaluru. But the said cheque was
dishonored on 31.07.2018 as “Funds Insufficient”.
