This is a private complaint filed under section 200 of
Cr.P.C., against the accused for the offence punishable under
section 138 of the Negotiable Instruments Act.
02.The brief facts of the complaint is as under:
The complainant and accused are known to each other
since more than ten years. The accused has availed a hand
loan of Rs.7,50,000/- in the second week of March – 2019
from the complainant to meet his business and financial
commitments and promised to return the same within 3
months. After repeated demands made by complainant, to
discharge said liability, accused has issued a cheque bearing
No.660733 dated 24-06-2019 for Rs.7,50,000/-, drawn on
Indian Overseas Bank, Sunkadakatte branch, Magadi Main
Road, Bengaluru, in favour of the complainant. The
complainant presented said cheque for encashment through
his banker Axis Bank, Koramangala Branch, Bengaluru. The
cheque is returned unpaid with bank endorsement dated 09-
07-2019 showing cheque is dishonoured for the reason
“Funds Insufficient”. Thereafter, the complainant has got
issued legal notice to the accused through his counsel on 07-
08-2019 by way of R.P.A.D., and the same was served.
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