Akshaya Co.operative Credit Society Ltd., vs Stephan Louis Rego — 2224/2024

Case under Negotiable Instruments Act, 1881 Section 138. Disposed: Contested--CONVICTED on 22nd April 2026.

Case disposed

C.C. - CRIMINAL CASES

CNR: KAUK020032642024

Filing Number

2224/2024

Filing Date

25-Oct-2023

Registration No

2224/2024

Registration Date

25-Oct-2023

Court

PRL. SENIOR CIVIL JUDGE AND CJM, KARWAR

Judge

520-Prl. Snr. CIVIL Judge And CJM Court, Karwar

Decision Date

22-Apr-2026

Nature of Disposal

Contested--CONVICTED

Last updated 05-Jun-2026

Acts & Sections

Negotiable Instruments Act, 1881 Section 138

Petitioner(s)

  1. 1.Akshaya Co.operative Credit Society Ltd.,

    Adv. G.V.NAIK

Respondent(s)

  1. 1.Stephan Louis Rego

Case History

  1. Case disposedDisposed

  2. 22-Apr-2026

    JudgmentView PDF

    Summary of Case 2224/2024 The court convicted Stephan Louis Rego under Section 138 of the Negotiable Instruments Act for issuing a cheque of Rs. 51,68,000 without sufficient funds. Rego had obtained a house loan from Akshaya Co-operative Credit Society, issued the cheque to repay the debt, but it was dishonored due to insufficient funds. Despite legal notice, he failed to make payment within 15 days, triggering criminal liability. The court sentenced him to pay a fine of Rs. 51,68,000 (with 6 months imprisonment in default) and ordered compensation of the same amount to the complainant, as Rego failed to rebut the statutory presumption favoring the cheque holder. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 22-Apr-2026

    Disposed

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  4. 15-Apr-2026

    Judgement

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  5. 07-Apr-2026

    Arguments

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  6. 27-Mar-2026

    Arguments

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  7. 13-Mar-2026

    Arguments

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  8. 10-Mar-2026

    Arguments

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  9. 03-Mar-2026

    Arguments

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  10. 16-Feb-2026

    Arguments

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  11. 07-Feb-2026

    Accussed Statement u/s 313 CrPC

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  12. 03-Feb-2026

    Accussed Statement u/s 313 CrPC

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  13. 27-Jan-2026

    Accussed Statement u/s 313 CrPC

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  14. 21-Jan-2026

    Accussed Statement u/s 313 CrPC

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  15. 12-Jan-2026

    Accussed Statement u/s 313 CrPC

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  16. 06-Jan-2026

    Framing Plea

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  17. 29-Dec-2025

    NBW to Accused

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  18. 20-Dec-2025

    NBW to Accused

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  19. 09-Dec-2025

    Compliance

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  20. 27-Nov-2025

    Compliance

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  21. 22-Nov-2025

    Compliance

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  22. 15-Nov-2025

    Compliance

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  23. 06-Nov-2025

    Compliance

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  24. 24-Sep-2025

    Refer to Mediation

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  25. 11-Sep-2025

    Evidence

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  26. 21-Aug-2025

    Concilliation

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  27. 14-Aug-2025

    Evidence

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  28. 26-Jun-2025

    Evidence

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  29. 27-May-2025

    Evidence

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  30. 16-Apr-2025

    Evidence

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  31. 11-Mar-2025

    DepositionView PDF

  32. 11-Mar-2025

    Evidence

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  33. 11-Feb-2025

    Evidence

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  34. 13-Jan-2025

    Evidence

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  35. 16-Dec-2024

    Evidence

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  36. 21-Nov-2024

    Evidence

    Prl. Snr. CIVIL Judge And CJM Court, Karwar

  37. 04-Nov-2024

    First hearing

    Initial hearing scheduled

  38. 25-Oct-2023

    Case filed

    Registration No. 2224/2024

casestatus.in Summary

Summary of Case 2224/2024 The court convicted Stephan Louis Rego under Section 138 of the Negotiable Instruments Act for issuing a cheque of Rs. 51,68,000 without sufficient funds. Rego had obtained a house loan from Akshaya Co-operative Credit Society, issued the cheque to repay the debt, but it was dishonored due to insufficient funds. Despite legal notice, he failed to make payment within 15 days, triggering criminal liability. The court sentenced him to pay a fine of Rs. 51,68,000 (with 6 months imprisonment in default) and ordered compensation of the same amount to the complainant, as Rego failed to rebut the statutory presumption favoring the cheque holder. This case analysis is maintained by casestatus.in based on publicly available court records.

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