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M/S Srs Agencies vs Mr. Lakshmanachari
2026 Latest Caselaw 1426 Kant

Citation : 2026 Latest Caselaw 1426 Kant
Judgement Date : 18 February, 2026

[Cites 3, Cited by 0]

Karnataka High Court

M/S Srs Agencies vs Mr. Lakshmanachari on 18 February, 2026

Author: S Vishwajith Shetty
Bench: S Vishwajith Shetty
                                          -1-
                                                       NC: 2026:KHC:10088
                                                    CRL.RP No. 98 of 2020


              HC-KAR



                  IN THE HIGH COURT OF KARNATAKA AT BENGALURU
                       DATED THIS THE 18TH DAY OF FEBRUARY, 2026
                                        BEFORE
                     THE HON'BLE MR. JUSTICE S VISHWAJITH SHETTY
                       CRIMINAL REVISION PETITION NO. 98 OF 2020


              BETWEEN:

              M/S SRS AGENCIES
              REP. BY ITS PROPRIETOR
              JAGADISH M.S.
              AGED ABOUT 60 YEARS
              R/AT SRIGANDHANAGAR
              NEAR KONIKA GARDEN
              BENGALURU - 560 091.
                                                              ...PETITIONER
              (BY SRI RAHUL RAJKUMAR, ADV.)
              AND:

              MR. LAKSHMANACHARI
              W/O VENKATACHARI
              AGED ABOUT 64 YEARS
              R/AT NO.108/109 SAPATHAGIRI
              BUILDING, 2ND FLORO MUTHURAYASWAMY
Digitally     LAYOUT, NEW PNT COLONY SUNKADAKATTE
signed by     MAGADI MAIN ROAD
NANDINI M S
Location:     BENGALURUPIN - 560 091.
HIGH COURT                                                  ...RESPONDENT
OF
KARNATAKA     (BY G.M. ANANDA, ADV.)
                    THIS CRL.RP IS FILED U/S.397 R/W 401 CR.P.C PRAYING TO
              SET ASIDE THE JUDGMENT AND ORDER OF CONVICTION AND
              IMPOSITION OF FINE, DATED 04.05.2017 PASSED BY THE HON'BLE
              2ND A.C.M., BENGALURU CITY IN C.C.NO.24113/2016 AND IN
              CRL.A.NO.839/2017 CONFIRM THE JUDGMENT IN THE ABOVE CASE
              ORDER DATED 15.03.2019 PASSED BY THE LXII ADDITIONAL CITY
              CIVIL AND SESSIONS JUDGE, BENGALURU TO IT IS ANNEXED A
              AND B.

                  THIS PETITION, COMING ON FOR ADMISSION, THIS DAY,
              ORDER WAS MADE THEREIN AS UNDER:
                                     -2-
                                                     NC: 2026:KHC:10088
                                                CRL.RP No. 98 of 2020


HC-KAR




CORAM:    HON'BLE MR. JUSTICE S VISHWAJITH SHETTY


                             ORAL ORDER

1. Accused is before this Court in this revision petition filed

under Sections 397 read with 401 of Cr.PC with a prayer to set

aside the judgment and order of conviction dated 04.05.2017

passed in CC.No.24113/2016 by the Court of XXII Addl. Chief

Metropolitan Magistrate, Bengaluru, and the judgment and

order dated 15.03.2019 passed in Crl.A.No.839/2017 passed by

the Court of LXII Addl. City Civil & Sessions Judge, Bengaluru.

2. Heard the learned Counsel for the parties.

3. Respondent herein had initiated proceedings against the

petitioner for the offence punishable under Section 138 of the

N.I.Act before the jurisdictional Court of Magistrate in

CC.No.24113/2016.

4. It is the case of the respondent-complainant that

petitioner had borrowed a sum of Rs.5 lakhs from him in the

year 2016 and towards repayment of the said amount, he had

issued the cheque in question bearing No.945408 dated

06.09.2016 drawn on Indian Overseas Bank, Sunkadakatte

NC: 2026:KHC:10088

HC-KAR

Branch, Bengaluru, and the said cheque when presented for

realization was dishonoured with a shara 'account closed'. The

legal notice that was got issued on behalf of the respondent

had returned with a shara 'party refused'. It is under these

circumstances, respondent had initiated proceedings against

the petitioner for the offence punishable under Section 138 of

the N.I.Act.

5. In the said proceedings, petitioner was convicted by the

Trial Court for the offence punishable under Section 138 of the

N.I.Act and sentenced him to pay fine of Rs.5,05,000/- and in

default to undergo simple imprisonment for a period of one

year. The said judgment and order of conviction and sentence

passed in CC.No.24113/2016 was confirmed by the Court of

LXII Addl. City Civil & Sessions Judge, Bengaluru, in

Crl.A.No.839/2017 vide judgment and order dated 15.03.2019.

It is under these circumstances, petitioner is before this Court.

6. The respondent-complainant in order to substantiate his

case before the Trial Court, had examined himself as PW-1 and

got marked nine documents as Exs.P-1 to P-9. Ex.P-1 is the

cheque in question and the signature of the petitioner found in

NC: 2026:KHC:10088

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the said cheque is marked as Ex.P-1(a). Ex.P-8 is the loan

agreement between the petitioner and the respondent.

Petitioner has not disputed his signature found in Ex.P-1, nor

has he disputed that the cheque in question was drawn on the

bank account maintained by him in Indian Overseas Bank,

Sunkadakatte Branch, Bengaluru. Therefore, a presumption

arose against him that the cheque in question was issued

towards legally recoverable debt as provided under Sections

139 read with 118 of the N.I.Act. Unless the said presumption

is rebutted in accordance with law by putting forward a

probable defence, petitioner is liable to be convicted for the

offence punishable under Section 138 of the N.I.Act.

7. Perusal of Ex.P-8 - loan agreement would go to show that

the petitioner had undertaken to repay the amount of Rs.5

lakhs borrowed by him and Ex.P-9 is the passbook of the

complainant which would go to show that in the month of

January 2016, he had withdrawn an amount of Rs.5 lakhs from

the bank and according to him, the said amount was handed

over to the petitioner.

NC: 2026:KHC:10088

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8. The respondent has raised a defence that he was the

tenant of the complainant and the cheque in question along

with other three cheques which were signed by him were

handed over as security for the purpose of taking the premises

on lease.

9. The material on record would go to show that the other

three cheques are dated 10.08.2012, 13.08.2012 & 05.09.2012

and were drawn totally for a sum of Rs.2,75,000/-. Ex.D-1 is

the rental agreement of the premises which was taken on lease

by the respondent. Issuance of the aforesaid three cheques for

a total sum of Rs.2,75,000/- is mentioned in the said

agreement and in addition to the amount covered under the

said cheques, a sum of Rs.25,000/- was also paid in cash by

the petitioner to the complainant when taking the premises on

lease. The present cheque is not the subject matter of Ex.D-1.

Therefore, the contention of the petitioner that even the

present cheque was issued under Ex.D-1 cannot be accepted.

The defence put forward by the petitioner was, therefore, not

probablized by him before the Trial Court, and it is under these

circumstances, the Trial Court had convicted the petitioner for

the offence punishable under Section 138 of the N.I.Act.

NC: 2026:KHC:10088

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10. The Appellate Court having re-appreciated the oral and

documentary evidence available on record, has rightly

confirmed the judgment and order of conviction and sentence

passed by the Trial Court. I do not find any illegality or infirmity

in the judgment and order of conviction impugned in this

revision petition which calls for interference. Even the order of

sentence imposed by the courts below is just and

proportionate. Under the circumstances, I am of the opinion

that this revision petition lacks merit, and the same is

accordingly dismissed.

Sd/-

(S VISHWAJITH SHETTY) JUDGE

KK

 
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