3.The case of the petitioner is that he is the founder trustee of the “Institution of Mass Awareness Initiatives” (IMAI), that the petitioner's trust has entered into Memorandum of Understanding with the third respondent for disbursement of loans to self help groups, that as per the memorandum of understanding, the petitioner has to identify the self help groups and acted as a collecting agent for collection of the loan due, for which, the loans are disbursed for purchase of live stocks, that the petitioner identified various self help groups and loans were disbursed to them directly and the Mullai Vivasaya Aarvalar Kulu, is one such self help group, that in October 2018, loan amount of Rs.5,50,000/- was sanctioned to the said Mullai Vivasaya Aarvalar Kulu, and the said amount was directly deposited in the account of that self help group and that the defacto complainant, who is the Secretary of the self help group is authorised to operate the account, that thereafter, there arose some disputes between the petitioner and the third respondent and legal notices were exchanged between them, that the third respondent issued a demand notice to the petitioner, dated 02.11.2020, stating that the over due amount of the said Mullai Vivasaya Aarvalar Kulu has been mentioned at Rs.3,68,993/-, that since the petitioner is the guarantor of the said loan, if the defacto complainant fails to pay the amount, it is for the petitioner to repay that amount and that the petitioner has already repaid Rs.3,02,61,290/-.
