MRS. KEERTHI KIRAN, vs MRS. JACINTHA PHILOMINA VIVIAN PEREIRE, Advocate - AJAY PRABHU M — CRL.RP/538/2026

Case Summary: CRL.RP No. 538/2026 Decision: The High Court of Karnataka dismissed the revision petition filed by Mrs. Keerthi Kiran, upholding the concurrent conviction of both lower courts under Section 138 of the Negotiable Instruments Act. Key Facts & Reasoning: Kiran (dentist) received Rs. 42,85,362 as investment from the complainant for her dental clinic with promised 40% profit-sharing. After years of no profit distribution and the complainant's husband's death, an agreement was executed acknowledging the liability, followed by bounced cheques. The court rejected Kiran's argument that this was merely an investment without legal liability, holding that once liability was acknowledged through the written agreement and cheques were issued, she cannot deny legal obligation under Section 138 NI Act, regardless of the investment's underlying nature. This case analysis is maintained by casestatus.in based on publicly available court records.