ST MILAGRES CREDIT SOUHARDAH CO-OP LTD,Karwar, Branch Basgod, R/by Raghavendra D.Naik. vs Praveen Maruti Naik — 293/2024

Case Summary: CC 293/2024 This is a criminal case before the Additional First Class Judicial Magistrate's Court, Ankola, involving accused Praveen Maruti Naik, charged under the Negotiable Instruments Act Section 138 (cheque bounce offense). The petitioner, ST Milagres Credit Souhardah Co-op Ltd, alleged that the accused obtained a loan of Rs. 2,95,000 on 16-11-2022 for business purposes and issued cheque no. 000021 for Rs. 1,47,784 on 30-03-2024, which was dishonored with "Funds insufficient" status. Despite prior notice, the accused failed to repay the amount. The court recorded the accused's statement under CrPC Section 313, and the accused denied the allegations and declined to present any witnesses or documentary evidence. This case analysis is maintained by casestatus.in based on publicly available court records.