known to each other. The accused approached the complainant for financial assistance during the First week of June, 2009 to the tune of Rs.1,50,000/- for the purpose of his legal necessity. Accordingly, the complainant paid the amount. The accused agreed to repay the same within 1½ months. Thereafter, when the complainant demanded the accused to repay the amount, the accused issued a cheque bearing No.232343 for a sum of Rs.1,50,000/- drawn on Cauvery Kalpatharu Grameena Bank and asked the complainant to encash the same by presenting the same. Accordingly, the complainant presented the cheque to Syndicate Bank, Nanjangud. The said cheque was returned with an endorsement "funds in the accounts are insufficient". In this regard, the complainant issued a legal notice on 11-092009 calling upon the accused to pay loan amount. When the said notice was served, the accused has not chosen to repay the amount nor replied to the said notice. Hence, the complainant lodged a complaint before the JMFC court for taking action against the accused as per the N.I Act.
