M/S Srs Agencies v. Mr. Lakshmanachari
Case brief
What is this about?
Keywords: Section 138 NI Act conviction upheld; presumption Sections 139/118 Negotiable Instruments Act; security-cheque defence rejected; Ex.D-1 rental agreement; three cheques Rs.2,75,000/-; Rs.25,000/- cash; cheque dishonoured 'account closed'; notice 'party refused'; Indian Overseas Bank Sunkadakatte; fine Rs.5,05,000/- default simple imprisonment one year; revision Ss.397/401 Cr.P.C. dismissed; CRL.RP No. 98 of 2020; CC.No.24113/2016; Crl.A.No.839/2017; NC: 2026:KHC:10088; High Court of Karnataka; Justice S Vishwajith Shetty; decision 18-02-2026; parties: M/s SRS Agencies (proprietor Jagadish M.S.) v. Lakshmanachari; counsel: Sri Rahul Rajkumar (petitioner), G.M. Ananda (respondent).
What did the court decide?
None; the conviction under Section 138 N.I. Act and the sentence (fine Rs.5,05,000/-, default simple imprisonment one year) imposed by the courts below stand upheld.