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The Complainant has filed this complaint against the Accused for the offence punishable U/sec.138 of the Negotiable Instruments Act.

2. Briefly stated the case of the Complainant is that, the accused being a property developer and being known to him since several years, approached him and requested for a hand loan of Rs.35 Lakhs in the month of June 2013, as he required the same urgently for his business and also towards expenses for obtaining denotification of some property which he is owning at Arkavathi layout at Bangalore and promised him that, he would return the said amount within six months and on the said request and promise, he paid a sum of Rs.35 Lakhs to the accused on 26.6.2013 and on the date of borrowing the said amount, the accused has CC No.27906/2015 executed an On Demand Promissory Note and also a Loan Agreement dt: 26.6.2013 in his favour and has also deposited original documents such as Katha Certificate in respect of the property bearing site No.19, Yelahanka Municipal Katha No.19/19, situated at Kogilu village, Yelahanka Hobli, Bangalore North Taluk, owned by him. The complainant further contends that, towards repayment of the said amount, the accused has issued a cheque bearing No.135159, for Rs.35 Lakhs dt:25.3.2015 drawn on Bank of India, Sahakara Nagar Branch, Bengaluru in his favour and as the accused was not able to adjust the said amount, requested him to return the said cheque and after taking back the said cheque, the accused issued another cheque dt: 30.6.2015 bearing No.066361 for the said loan amount of Rs.35 Lakhs drawn on Bank of India, Sahakaranagar Branch, Bengaluru in his favour and as per the request of the accused, he presented the said cheque for encashment through his banker, the same came to be returned dishonoured with endorsement as "Account Closed" dt: