This appeal is filed U/s.374(3)of Cr.P.C. by the
accused against the judgment of conviction dated:
02.04.2024 passed in C.C.No.676/2020 by learned XXIV
Addl. Judge, Court of Small Causes & ACJM, Bengaluru,
(SCCH-26) for the offence under S.138 of Negotiable
Instruments Act [for short ‘N.I. Act’]
(2) The parties are referred to their rank before
the trial court.
(3) The case of the complainant is briefly stated
as follows:
The complainant is a company incorporated under
the Companies Act, 1956 having its registered office at
No.52A, 4th Cross, Marenahalli, II Phase, J.P. Nagar,
Bengaluru, and branch office, at Bashyam Circle, among
others in Bengaluru and they are in the business of
dealing and conducting chit as per provisions of Chit
Funds Act, 1982. The accused had subscribers for chit
group bearing No.BRL04F/16 with ticket No.16 for a chit
value of Rs.1 lakh payable at Rs.2,500/- p.m. for a period
Cri Appeal No.737/2024
of 40 months at Bashyam Circle branch. The accused
became successful bidder in the auction held on
27.03.2010 for bid value of Rs.22,100/-. The accused has
received prize amount of Rs.77,990/- on 09.07.2010.