G.M.AKBAR ALI
K. Kumaravel – Appellant
Versus
R. P. Rathinam – Respondent
1. The petition is filed seeking a direction to call for the records pertaining to the case in STC No.1126/2010 on the file of the learned Judicial Magistrate No.I, Mettur Dam and quash the same.
2. The respondent filed a private complaint under Sec.138 of Negotiable Instruments Act stating that the petitioner had business transaction with the complainants wife Madheswari and she invested a sum of Rs.5,00,000/- to start a cloth store and the petitioner joined in the shop in order to help the complainants wife. It is further submitted that the petitioner took over the business but has not furnished any accounts to the complainants wife. The said Madheswari preferred a complaint and the petitioner came forward for a settlement and agreed to pay a sum of Rs.10,00,000/- and gave a post dated cheque for the same amount on 20.3.2010. However, the cheque was issued in the name of the complainant. The complainant deposited the cheque on 6.4.2010 with the State Bank of India, Mettur and on 13.4.2010, the cheque returned with an endorsement "Funds insufficient". The complainant issued a notice dated 27.4.2010 and the petitioner failed to pay the amount due under the cheque. Theref
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.