P J CREDIT CAPITAL PVT LTD vs SAGAR PREMJIBHAI DHADHAL Advocate - D R SHREEMALI — 5475/2025

Summary The court convicted Sagar Premjibhai Dhadhal under Section 138 of the Negotiable Instruments Act, 1881 for issuing a cheque of Rs. 77,558 that bounced due to insufficient funds. The accused had taken a personal loan from PJ Credit Capital Pvt Ltd and failed to repay the installments, later issuing the dishonored cheque. The court found that the complainant successfully proved all essential elements of the offense—including the cheque's return with "Funds Insufficient" status and the accused's failure to make payment despite receiving a statutory notice. The accused presented no credible defense and remained silent against the demand notice, leading to his conviction and sentencing to 2 years simple imprisonment with a fine of Rs. 1,55,116. This case analysis is maintained by casestatus.in based on publicly available court records.