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.
C.C. - CRIMINAL CASES
CNR: KAUK020032642024
Filing Number
2224/2024
Filing Date
25-10-2023
Registration No
2224/2024
Registration Date
25-10-2023
Court
PRL. SENIOR CIVIL JUDGE AND CJM, KARWAR
Judge
520-PRL. SNR. CIVIL JUDGE AND CJM COURT, KARWAR
Decision Date
22nd April 2026
Nature of Disposal
Contested--CONVICTED
Acts & Sections
Petitioner(s)
Akshaya Co.operative Credit Society Ltd.,
Adv. G.V.NAIK
Respondent(s)
Stephan Louis Rego
Hearing History
Judge: 520-PRL. SNR. CIVIL JUDGE AND CJM COURT, KARWAR
Disposed
JUDGEMENT
ARGUMENTS
ARGUMENTS
ARGUMENTS
| Date | Purpose |
|---|---|
| 22-04-2026 | Disposed |
| 15-04-2026 | JUDGEMENT |
| 07-04-2026 | ARGUMENTS |
| 27-03-2026 | ARGUMENTS |
| 13-03-2026 | ARGUMENTS |
Final Orders / Judgements
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.
Interim Orders
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.
Browse Related Cases
Cases under same legislation
Explore other courts