Akshay Co-operative Credit Society Ltd, Karwar Taluka Karwar District Uttar kannada vs Vishnu S/o Anand Dabali — 1065/2022

Case Summary: C.C.No.1065/2022 Court Decision: The accused Vishnu S/o Anand Dabali was found guilty under Section 138 of the Negotiable Instruments Act for issuing a dishonored cheque of ₹1,75,000 towards repayment of a loan from Akshaya Co-operative Credit Society. The court convicted him to pay a fine of ₹2,40,000 and undergo 6 months simple imprisonment, with ₹2,30,000 of the fine as compensation to the complainant society. Key Reasoning: The complainant proved through documentary evidence that the cheque was dishonored due to insufficient funds and a legal notice was served but payment was not made. The accused failed to cross-examine the complainant's witness or present any defense, allowing the statutory presumption under Section 139 of the N.I. Act to remain unrebutted. This case analysis is maintained by casestatus.in based on publicly available court records.