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The court has convicted the accused, Sri. Ramachandra Channarayappa, under Section 138 of the Negotiable Instruments Act for dishonoring a cheque of Rs. 35 lakhs issued to the complainant, M/s. MBS White Palace Hotel, as payment for a loan. The complainant provided evidence of the loan and the dishonored cheque, while the accused admitted to issuing the cheque but disputed the amount borrowed. The court found that the complainant met the statutory requirements, leading to the conviction of the accused on 23

Author
rayapparc
Language
EN