SUPRABHATA CREDIT SOUHARDA SAHAKARI SANGHA N., Ankola R/by Loan Recovery Officer Sri. Ramamurthy vs Subhash Gangadhar Naik — 27/2025

Case 27/2025 Summary: In this criminal case before the Additional First Class Judicial Magistrate's Court in Ankola, Subhash Gangadhar Naik was accused of criminal breach of trust under the Negotiable Instruments Act (NI Act), Section 138. The accused had obtained a loan of ₹15,30,000 from Suprabhata Credit Souharda Sahakari Sangha on 07-12-2022 for business purposes and issued a cheque for ₹19,12,200 (principal plus interest) on 24-09-2024, which was dishonored with "Funds Insufficient" marking. The court recorded the accused's statement under CrPC Section 313 on 17-05-2025, where he denied the charges. The case proceeded through examination of the prosecution witness (Loan Recovery Officer) and questions to the accused regarding the cheque dishonor and his failure to repay despite notice. This case analysis is maintained by casestatus.in based on publicly available court records.