{"id":100282,"date":"2010-12-14T00:00:00","date_gmt":"2010-12-13T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/canara-nidhi-limited-vs-sri-p-balakrishna-alva-on-14-december-2010"},"modified":"2018-04-14T15:30:48","modified_gmt":"2018-04-14T10:00:48","slug":"canara-nidhi-limited-vs-sri-p-balakrishna-alva-on-14-december-2010","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/canara-nidhi-limited-vs-sri-p-balakrishna-alva-on-14-december-2010","title":{"rendered":"Canara Nidhi Limited vs Sri P Balakrishna Alva on 14 December, 2010"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Canara Nidhi Limited vs Sri P Balakrishna Alva on 14 December, 2010<\/div>\n
Author: Huluvadi G.Ramesh<\/div>\n
1\nIN THE HXGH COURT OF KARNATAKA AT\n\nBANGALORE\n\nDATED THIS THE 14\"' my 0E DECEMBER 2910\nBEEORE\n\nTHE HON'BLE MRJUSTICE HULUVADI.G.RA'A\/TTESH\n\nCRIMINAL APPEAL NO.649 OF 2909A'  T'  %\n\nBETWEEN:\n\nCanara Nidhi Limited,   \nAn incorporated company under the\u00b0xV  A'\nProvisions of the Companies Act, \"\nRegistered office: Syndicate \nMANIPAL--576 I 04. \n\nRepreTSente'd..tjy_  Hokier _\n\nSri Eat1aka~ishna'Anayazg;\u00ab_fAe  \n\nS\/o Apmya Naywgk;   \n\nAged abo'u.t_47, yea.Ts.7_    ..APPELLANT\n\n V.  (I3y\u00a7'.:M\/_$:.E\u00a7skey\"Associates, Advs.)\n\n Alva,\n\nS\/o' 1ate_VP.'Narayan Alva,\n\n l\\\/Iaj()\"1',V__ \"\n.. AAGT-anesh Motors,\n'  'Maha1axmi Complex,\nV}Durbe, Puttur--57420l. ..RESPONDENT<\/pre>\n
(By Sri.M’.J.Al\\\/3., Adv.)<\/p>\n
W<\/p>\n
I<\/p>\n
This Criminal Appeal is filed under Sect’ion.-‘”378 of
\nCr.P.C. praying to set aside the judgment dated_.v2%l’.~6′.i2{)09
\npassed by the III Acldl. Civil Judge and J.M.F._C..,j\u00bbUdupi’in<\/p>\n
C.C.No.231\/2007 — acquitting the respondent\/accused\u00a7.forp:”theg<\/p>\n
offence P\/U\/S. “138 of N.l.ACt. _ pp _ _
\nThis Criminal Appeal coming; on’fo\u00abr_hearingV:tl2.i_sday, the
\nCourt delivered the following: I     ” V’  <\/p>\n
UDGMENT
\nThis appeal is by the co_mpplai_na.nt chailengita\u00e9 the order
\nof dismissal passed  Judge and EMFC,<\/p>\n
Udupi, in C.C.,.No.23 1\/2007 as.dia.5t2oe9.<\/p>\n
 Accoriiirigilto.tthee,co-mplainant, accused had borrowed a<\/p>\n
sum of lR.g’V,3,.5(l)ll,l{,l._()lil(};’l._–V”  l3.3.l996 from the complainant<\/p>\n
 ha’}}’}ngp._\ufb02ag1feed’to-pay’ the interest @ 21.65% pa. and also<\/p>\n
   thtepcopnditions imposed. Since he committed default,<\/p>\n
tlaepll matt.ei*i_.Wlas referred to ai’bitration. In the Arbitration<\/p>\n
 ppproceeclihgs before the District Eudge, Udupi, the parties<\/p>\n
C –..pen.tered into compromise and accused agreed to pay an amount<\/p>\n
 ”  Rs.8,54,000\/– towards which hietiissued a cheque dated<\/p>\n
<\\'P\/<\/p>\n
3<\/span><\/p>\n
16.5.2006 drawn on Syndicate Bank, Puttur which, on
\npresentation for encashment, came to be returned as ‘account
\nclosed’. Thereafter, notice was issued which was returned as<\/p>\n
not claimed. Accordingly, complaint came to be he<\/p>\n
J<\/p>\n
trial court, after enquiry, has dismissed the coraplllaintci <\/p>\n
which, this appeal is filed.\n<\/p>\n
3. Heard.    it<\/p>\n
 t<_)_'th'e'  there is a legally<\/p>\n
enf0rc"eab*le d.ebt5:'a.r_rd  the zirbitration award the cheque<\/p>\n
was issued._by the 'a.ccu\u00a7:;d and the same was returned as<\/p>\n
.. ..  actc(}untgVc1Q_sed, he'n.c.e.,he is liable to pay the amount.<\/p>\n
5, .Aceording to the accused, the cheque in question was<\/p>\n
 ppcollected' by the complainant at the time of raising loan as<\/p>\n
l '-.V_lse-Curity during E996 and, despite order being passed in the<\/p>\n
l " "-"arbitration proceedings to realize the amount by attaching the<\/p>\n
property of the accused, the cheque issued has been misused by<\/p>\n
W.\n<\/p>\n
4<\/span>
\nthe complainant and the contention of the complainant that the<\/p>\n
cheque was issued during 2006 is false.\n<\/p>\n
6. It appears there is truth in the submissiopfmadevihhy  <\/p>\n
learned Counsel for the accusecit” -As   thel<\/p>\n
complainant himself, the  of the._acc-used: has been<\/p>\n
attached and that is the’s_ub_iect.’_inatte’i’–\u00abof execution to realize the
\namount of the complainantand.it:.,,wou,ld”‘lfe–teh approximately<\/p>\n
  complainant himself, when an<\/p>\n
execution 1s_hl.ed a_nd.,it’i,S~’pend1ng_ COI’lSld\u20acl’a[10Il, it is for the<\/p>\n
  conjiplaiinant to ‘proceed against the property of the accused to<\/p>\n
_ r*eco*s.zer-v.,_the”l’ai\ufb01raouat and to pay the excess amount to the<\/p>\n
alceused. . However, the complainant would be having a lien or<\/p>\n
 Aprioritj;-‘.__:l:)f right over the property to realize the amount as per<\/p>\n
i ‘–_e1’1ti.tlement based on the date of events. However, the stand of<\/p>\n
ii ” “the complainant that the cheque was issued by the accused<\/p>\n
during 2006 falls to the ground as, admittedly an open cheque<\/p>\n
W.\n<\/p>\n
signed by the accused was issued way back during E996_>and it<\/p>\n
has been fiiied up by the complainant for realizing\ufb02ic.<\/p>\n
8. With the above liberty to\ufb02tiroce\u00e9ed  ii<\/p>\n
of the accused, this appea} is Vdt3p0sed”Q’f’;’–<\/p>\n
…-5.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court Canara Nidhi Limited vs Sri P Balakrishna Alva on 14 December, 2010 Author: Huluvadi G.Ramesh 1 IN THE HXGH COURT OF KARNATAKA AT BANGALORE DATED THIS THE 14″‘ my 0E DECEMBER 2910 BEEORE THE HON’BLE MRJUSTICE HULUVADI.G.RA’A\/TTESH CRIMINAL APPEAL NO.649 OF 2909A’ T’ % BETWEEN: Canara Nidhi Limited, An incorporated company under […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-100282","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nCanara Nidhi Limited vs Sri P Balakrishna Alva on 14 December, 2010 - Free Judgements of Supreme Court & High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/canara-nidhi-limited-vs-sri-p-balakrishna-alva-on-14-december-2010\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canara Nidhi Limited vs Sri P Balakrishna Alva on 14 December, 2010 - 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