M/s. Sree Anjaneya Traders, Kempanahalli, by its proprietor K.L. Sathish S/o K.B. Lokeshwarappa vs M/s. Bhagya Ranga Chits Pvt. Ltd., Davanagere Rep/ by its proprietor M. Ranga Rao, — 739/2024

Case Summary: 739/2024 Court: 2nd Additional Civil Court & JMMF Court, Channagiri Parties: M/s. Sree Anjaneya Traders (Petitioner) v. M/s. Bhagya Ranga Chits Pvt. Ltd. (Respondent) Outcome: Case proceeded to examination of accused under CrPC Section 313. The respondent company is accused of defaulting on repayment obligations in a chit fund scheme worth Rs. 10 lakhs involving 50 members (May 2019-July 2023). The accused allegedly failed to repay Rs. 6,76,500 to the petitioner despite receiving cheques and legal notice. The accused partially paid Rs. 2 lakhs via RTGS in January 2024 but denied further repayment liability, claiming acknowledgment of debt satisfied their obligations. This case analysis is maintained by casestatus.in based on publicly available court records.