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V. Munikrishnaiah vs C. Janakirama Naidu And Anr. on 12 October, 2004

In the light of the law laid down in the above decision considering the facts of the case on hand, this court is of the clear view that the evidence of PW. 1 along with documentary evidence are clearly and categorically established all the ingredients of section 138 of N.I. Act and the complainant has proved the fact that the cheques in question had issued by the accused to the complainant towards discharge of legally enforceable debt and the said cheques were dishonoured for the reason "Account Closed". Thereafter, inspite of service of demand notice to the accused, he failed to pay the cheque amount within 15 days from the date of service of the notice. Hence the dishonour of the cheques in question are clearly attracts the penal provision of section 138 of the N.I. Act and the complainant has proved the guilt of the accused for the offence punishable U/S 138 of N.I. Act.
Andhra HC (Pre-Telangana) Cites 8 - Cited by 38 - Full Document
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