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1) Unique ID no. of the case : DLSW02-052853-2018

2) Name of complainant : M/s Allahabad Bank Ltd.

Branch :- 120 Kakrola Housing Complex New Delhi - 110059.

Through its authorized officer Mrs. Bindu.

3) Name and address of accused : Mr. Piyush Jain R/O RZ 42 Santosh Park Near Govt School Uttam Nagar New Delhi 110059 And : M/S On Phone Shop Prop Piyush Jain RZ 48 Santosh Park Near Govt School Uttam Nagar New Delhi 110059.

4) Offence complained of : Section 138 N.I. Act

5) Plea of accused : Accused pleaded not guilty and claimed trial

6) Final Order : Convicted for the offence punishable U/s. 138 N.I. Act.

7) Date of order : 25.07.2025 BRIEF STATEMENT OF REASONS FOR THE DECISION

1. The present complaint has been filed under Section 138 of the Negotiable Instruments Act, 1881 (hereinafter "NI Act") by Allahabad Bank Ltd. (hereinafter "complainant") against the accused Mr. Piyush Jain s/o Sh. Shikhar Chand (hereinafter "accused").

8. The accused opted to lead defence evidence vide his statement dated 03.03.2025.

9. Sh. Piyush Jain was examined as DW-1 on 30.06.2025 wherein he stated that he had taken a loan of Rs. 4,00,000/- from the complainant which was to be repaid with interest. He stated that he has repaid some installments but he does not remember how many installments he has paid. He further stated that he needs time to make the payment. He was cross-examined by the Ld. counsel for the complainant.

21. Resultantly, the complaint of the complainant is allowed, and the accused, Sh. Piyush Jain, is hereby convicted of the offence under Section 138 of the Negotiable Instruments Act, 1881. Let the convict be heard separately on the quantum of sen- tence.

Pronounced in the open court on 25.07.2025 (VINERJEET KAUR) JMFC (NI Act-06), Dwarka Courts, New Delhi (South West) 25-07-2025