01. The complainant has filed the present case against
the accused alleging commission of the offence punishable
under section 138 of Negotiable Instrument Act.
02. In brief case of the complainant is as follows:-
The Accused no.1 is the Proprietor of the Accused
no.2 firm. One Saravanan was also the partner of the said
firm who is also the relative of the Complainant. In the first
week of April 2019 Saravanan approached the complainant
and requested him to invest money in the Accused no.2
which is doing the business of Trading, and also assured that
CC.NO.2926/2022
the firm will pay 0.75% interest per month and believing the
assurance, the complainant invested Rs.10,00,000/- in the
firm of Accused no.1 on 11-04-2019, out of the retirement
amount which he had received. The complainant withdrew
that much money from his bank account and invested the
money in the firm of the Accused no.1. Thereafter Saravanan
assured that the principal amount along with interest will be
paid after 5 months and the accused no.1 issued a post dated
cheque bearing no.155807 for Rs.10,00,000/- dated
08.09.2019 drawn on Axis Bank Ltd., Sathyamangalam-