{"id":157260,"date":"2008-07-14T00:00:00","date_gmt":"2008-07-13T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/ms-shreyas-financiers-vs-ms-n-r-babu-brso-on-14-july-2008"},"modified":"2018-12-28T04:39:18","modified_gmt":"2018-12-27T23:09:18","slug":"ms-shreyas-financiers-vs-ms-n-r-babu-brso-on-14-july-2008","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/ms-shreyas-financiers-vs-ms-n-r-babu-brso-on-14-july-2008","title":{"rendered":"M\/S Shreyas Financiers vs M\/S N R Babu & Brso on 14 July, 2008"},"content":{"rendered":"
Karnataka High Court<\/div>\n
M\/S Shreyas Financiers vs M\/S N R Babu & Brso on 14 July, 2008<\/div>\n
Author: K.Ramanna<\/div>\n
3.NJ>1r2AvEEN KUMAR,\nMAJOR,   _\n\nFA'I'HER's NAME NO'? KNOWN 1\n\nTO THE APPELLANT',\n\nNo.66, 3342 CROSS,\n\nmm 'A' MAIN, Sm BLOCK, V\nJAYANAGAR,    V     \nBANGALORE--56\u20ac) 044.  ' .. RES?' NI}EN\"I'S\n\n(BY SR1 M.M.AsHoKAf; ;xpv.;_r\"\"_  \n\nTHIS CRLA. I8_FILED.wU,!S;V378{AA\u00a7 C1?;v\u00a5'.C.1v_'f'RAYING TO SET\nASIDE me GRDEIQOE' A;cQ:Jr1fm:, ~m,23;;~:,'2oos mssmn us:\nc.c:.re0.238\/02 on ma FELEL op 'ms---- A'DI)L.C.J.M. swam -\nACQUITTING 'I__'.i~~i'E\" R1a;s\u00a7?0N9.j:;:N=r1A:*,ca;sEn FOR THE or-'muss\nP\/UjS.188   'V    \n\nTH;$\"APi>E\u00e9;:, C51': Fd1\u00e9\"H\u00e9AI2ING THIS DAY, COURT\nDELIVERED 'I'__I~\u00a3.!?. re*c:s:V.r,,_<_:i'\u00a3.*;1ns::\u00a7,_;__ --\n\n .' i\ufb01\u00a7\u00a7HENT\n\n  "is.  by the appellant cha1.k:n$'ng the\n\n of acquittal dated 23-03-2006 made by\n\nme, ';&;de11;'  Magistrate, Bangalon: Bistrict,\n\n   the rcspondcnts for the o\ufb02bncc\n\n sundar SCC.138 of NJ. Act holding that the\n\n notice has nod: bacn sent to the respondents within<\/pre>\n
  ‘i5–ti;ays from the date ofdishozaour ofchcqucs in question.<\/p>\n
2. The case cf the appcliant in brief is that the appellant<\/p>\n
is a partnership \ufb01rm so also Respondent No.1, Respondent<\/p>\n
%aPP\u00b0a’*%j%   <\/p>\n
N032 and 3 are partners of Rcspondcnt Neal   H<\/p>\n
respondents have borrorwead Rs.i,\u20ac){):,’0’O(}f\u00ab-.  <\/p>\n
said loan amount they issued sevtm  (of   ._<\/p>\n
When the sand’ cheques were   itcd  fVGIf_ cza\ufb01\u00e9azsfiii\ufb01g\u00e9hi  ” V<\/p>\n
were returned with “bank crxlgiorscpm-sJu::;.t’v’i1i;~a115i35’1<$iactntv1i113:\u00a7is' dated
\n6\/ 11\/2000. Thcmfom   'gpt issued legal
\nnotice an 22\/11\/$_-{3\u00a3!Q.   any reply
\nfrom the   V' against all
\nthe   V Court acquitted the
\nmspondcliifi 0._11A1\u00a7na:miatory provision of Sec.<\/p>\n
1333;] of NLE.._f\u00a7ct  complied with. Hence, this<\/p>\n
 A   by the kxarsmd counsel 1231' the appcilant<\/p>\n
\u00a7\u00a7ho is a oompiainant before the trial Court<\/p>\n
 pmseni\u00e9gd  Ex.-.=..P~1 to 11-7 to its Banker, 1'31 turn the<\/p>\n
u for callcction to the Bankrxr of the mspondcmt.<\/p>\n
 "jchoqucs were returned with an cndoxscnktnt<\/p>\n
j – ..':"}\ufb02s'i1\ufb01cicn.t Funds" as per Ex.P~8 dated 6\/11\/2000 to the<\/p>\n
  Banker of the appcliant. The Banker of the appcilant in turn<\/p>\n
sent tha same to the appellant on 8\/ 11\/2000. Therefore notice<\/p>\n
, r
\n.' _'L._,, _f,,,.\n<\/p>\n
“”””” M<\/p>\n
\ufb01x’<\/p>\n
4′ ” . 3<\/p>\n
has been issued to the axzcuscd Within 15 days   .617.’<\/p>\n
mecipt of intimation from its bank. Thcmfmr: it   u V’ <\/p>\n
the trial Ceurt has committed a::\u00a2'”\u00e91’1*r:rA_\u00a7n <\/p>\n
analyzing and assessing the end’ cn\u00e9axg 1 ztshc  <\/p>\n
wrongly acquitted the rcspondk\ufb01ni\ufb01.  ‘p1’* a-per ‘V<\/p>\n
masons. Thcztfozt, appeal is  \u00a73iidvv\u00abthc’\u00a7ord\u00a2x’ of
\nacquittal is to ix set asiacmi is   mat though the<\/p>\n
mspo11dentsissucd_A’\u20ac”_i;t:  \u00a331′  but he has<\/p>\n
bormwed *\u00a2:1;*cziLp’i*i\u00a7>r’  and that he could not
\nrctalisc t1::\u00e9.sa_ m  e   it is prayed that in case this<\/p>\n
Court allow\u00e9i   ‘\u00ab:\u20aciC!11bl\ufb02 thx: cheques amount be<\/p>\n
4_ .  T\ufb01czcfggp, he prays for allowing the appeal.<\/p>\n
     V  Counsel for the appcliasnt has relied on<\/p>\n
. .   the acgim  in case of M19 MUNOTH INVESTMENTS<\/p>\n
 v:a; :.M\/s. PUTTUKOLA PROPERTIES L’r1:>., AND<\/p>\n
 .’_A.=e$r<3%:'}i'ELr2 mportcd in AIR 2001 5.0. 2752, wherein it has been<\/p>\n
"Inter a\ufb01a pmvidcs that the payee has to
\nmake demand for the paymcnt of money by
\ngiving a notice "to the drawer of the cheque<\/p>\n
\/I9:\n<\/p>\n
.\/ ‘
\n‘ .\n<\/p>\n
nut produced any bank statement before the  :;’;:5% _<\/p>\n
further argued that both the appellant as wc\ufb01gzs.   <\/p>\n
Bank are located very close to OH\u00bb;\n<\/p>\n
Thcrcforc the date mentioned m_;’:”:_;;.1>-.9′ ind–i;u.e\u00a7t\u00a2s; t\u00a7;.~i:’s:  ,<\/p>\n
was ciciivercd on 6-11-2000. Th(\u00e9i’x?\u00e9$z*s,_ they  \ufb01ght
\nin acquit\ufb01ng the msponeiegt ;  to be
\ndismissczd. ‘ ” –   A  .% <\/p>\n
6. In   ‘  counsel for the
\nrcspondcnt   Court in the case of<\/p>\n
RAN._m*HA.BALAS\ufb01’i\u00a7R;\u00a7M\u00bb\u00a7\ufb011g\u00a7ra__Am:> ANOTHER vs. snanmr<\/p>\n
emu? ANLj”.QTH\u00e93R$”‘\u00a7\u00a7cJp\u00ab\u00a7:&ted in ILR 2007 KAR 765 and’<\/p>\n
4.\\,Vanomez%f &ez::sion  of OM SHAKTHI sags? AND<\/p>\n
 ‘-.M1 NjoR r:*yi’ Ca\u00e9gbzj’ C0-OPERATIVE SOCIETY L’I’D., vs. M.<\/p>\n
vE’s5_K;tTESi\u00a7”_~V_:cp\u00a7r\u00a3cd in ILR 2097 KAR 5125. He further<\/p>\n
 submifam the Court has got discretion to ilnpasc \ufb01ne<\/p>\n
” N ” af\u00a7iim:1:;t anti “not: the doubit: amount and the Court could either<\/p>\n
‘saeni\ufb01ixczz\ufb01 the aocusad or impose \ufb01ne amount. Therefore, it is<\/p>\n
 130:-\ufb01xandatoxy provision to impose doubftc the \ufb01ne amount, for<\/p>\n
  \ufb01sfhich he referred to another co\u00bb-oniinatc Bench dcrcision of this<\/p>\n
Court: reported in IL}? 2008 KAR 1300.<\/p>\n
‘fs
\n‘J. ___ \/z)’\n<\/p>\n
– 3::-\/’<\/p>\n
\/’<\/p>\n
7. Having heard the learned counsel f:\u00a7i*”‘\u00a7:s\u00a3.it}{  _<\/p>\n
parties. Now, the point that arises for    <\/p>\n
dcaision is vcritxcthcr the Judgment   Qf <\/p>\n
by the trial Court is perverse, ingtmjrect ‘\u00a7IIcga1!? –   1 S<\/p>\n
3. it is an undisputcd”Vi’Z\u20ac=L:V;T\u00a73;’ that  is a
\nFirm who \ufb01lnti a Rcsp\ufb01\ufb01d\ufb01\ufb01t No.i~
\npartnership \ufb01rm and Rcsp<'\u00a7r\u00a7dE;1'f%'I%';\u00a7$:. its partners.\n<\/p>\n
Admittedly, the     by R\ufb01sponxicnt
\nNos.2 and 3  v’\u00a7;?c3$};A3c;:1\ufb01ent No.1. When the
\nchcqucs  ..p:\u00a3:scntcd for encashmcnt tlm<\/p>\n
same were  mfdofscmcnt-Ex.P.8 as “insu\ufb01cittnt<\/p>\n
\ufb01znds\ufb02 ;  ” ‘I?’.hc1’cVf<5x"z::, ' i-'1pp\u00a3\u20ac:}1ant herein on the basis of the<\/p>\n
 f\u00a7x\u00ab.._P.9 issued by its banktzr informed the<\/p>\n
 cheques presented for oe\ufb01cctions bcfcm<\/p>\n
  the  Co-cxpcrativc Bank Ltd.., Avenue Road,<\/p>\n
~  but the clzmqucs which went: sent for co\ufb02ec\ufb01on of<\/p>\n
  of In\u00e9sia, Bangaiom were returned as "insix\ufb01cicnt<\/p>\n
.   Ex.P~9 is the endorsement issued by the appcliant<\/p>\n
  ._"4I}:'ankcr Whcrein the date 6\/ 1. 1\/ 2&0 has been mentioned. But<\/p>\n
aoczsrding to the appellant he has received the endorsement<\/p>\n
 I I:\n<\/p>\n
‘Z’
\n>\/'”‘<\/p>\n
\/””\/W<\/p>\n
I.\n<\/p>\n
\ufb01om its banker 031 8\/11\/2000 to that e\ufb02bct   ~.. <\/p>\n
tmdomcmcnt on EX.P.9, thetm-after    <\/p>\n
\ufb02\ufb01\ufb01\ufb02\ufb01 1’33 the individual names of Rcspox\ufb01snt  <\/p>\n
Well as Respondent No.1 on   to
\nN.Sm’ya Bhagwan came   afivv\u00e9nii\ufb01mcmcnt
\n“not claimed”. Thcrcforc, 4′ against
\nRespondent   ‘A   <\/p>\n
9. ‘i”he7  the respcrndents
\nhas assigzxzdv  \ufb01th”e’ap\u00a73ci1ant~ct3111p1ainant has
\nnot (:’OII1}$1i_6!;i’–  provisions of Sec. 138(1)] of<\/p>\n
NJ. Act. ThE:L..\u00a7:h::qiic3″V  to P–? were presented by the<\/p>\n
_ uto its buafn-k:c;* for encashment. Since the chcqucs in<\/p>\n
V. Equ \u00a2sa7\u00a7\ufb011a  the respondents pertain to Union Bank of<\/p>\n
1n\u00a212a,*’%%\u00a7::i.\u00abs:;\u00e9i;;;&\u00a2  banker of the appenam sent it for<\/p>\n
 <;oIicc\u00b0ti<m. \\Exs3P*8 and 17-9 are: the cmiorscmcnts issued by<\/p>\n
"  .. nqspe\u00e9\ufb01\ufb01e bankers to the appellant. Ex.P-8 an<\/p>\n
 '::.tid'-<:\u00a7rssI\ufb01cnt sent by \ufb02it? rcspeudcnfs banker to: the appellant<\/p>\n
  Ex.P–9 issued by the appeilant Banker. The only<\/p>\n
  –\u00abc\ufb01\ufb01es\ufb01on left for considera\ufb01oxa is Whether the legal :::1::atioc smxt<\/p>\n
by the appellant is within 15 days from the date of mceipt of<\/p>\n
endarstztmcnt from its banker. The tria} Court on x\u00e9fu<\/p>\n
the endorsement mentioned in EXP-8 came to th\u00e9 <\/p>\n
that the endorscmcnt is dated 6} 1 1\/  ‘iara\ufb02faj\u00e9ct <\/p>\n
has not presented the cheque: befcmm  cf” ._<\/p>\n
Whcrc the respondents have a     he ”\n<\/p>\n
presented the cheque hefoyet its  i;\u00a2::,, SuB1’a.ma1’j1ycswara
\nComparative Bank Ltd. Ci’   _ date has been
\nmentioned as 6\/ 1 1;2<;_ro0, i:a\u00a2l'g:g;gia::sc ;\ufb01cn\u00a7f":,f'thc res\ufb01ench-mt
\nbanktzr was 01; 6    smit 133 t:Ij\u00e9VVQappc}Iant's banker
\ni.e, Subrimaxxyes\ufb01\ufb01aia. Bank Li:d., and in mm the<\/p>\n
same: was siagt\u00e9\u00e9 tg   as per Ex.P.9, which was<\/p>\n
_.the  i-an 8\/11\/2002. If the receipt of the<\/p>\n
  V$iidn:;\u00a3:;n;3i1tvEX.P\u00ab9 is fakcn as 8\/ 11\/ 2000 then tbs legal<\/p>\n
 is\u00e9sued by the appellant to the<\/p>\n
 :espo::4e1e:n:'is+,\u00a7;\u00a7+;i:11in the statutory period. Thc iaw laid down<\/p>\n
by :11; Azpezxz; Court in case of ms. MUNOTH INVESTMENTS<\/p>\n
 3&3. M\/S. PUTTUKOLA PROPERTIES L'I"D., AND<\/p>\n
 ff ,a:~;<f\u00a7T1\u00bbiER reported in AIR 2001 s.c. 2752 referred supra, is<\/p>\n
    appiicabIc to the facts 0:' the case on hand.<\/p>\n
I 1<\/p>\n
10. As \ufb01ar as the cantcntrion taken by  +-<\/p>\n
ctmnscl that the person who has  the  13.-9  ‘<\/p>\n
authmtisation to \ufb01le a complain’ t is c’;:onc:en ed;..i11. \ufb02ift.<\/p>\n
cast: the complaint was libel .by..__    *<\/p>\n
Ramamurthy, for and on behalf of   There
\nis no need to produce  of -;?Q1ttg:\ufb01jiL\u00a7;_’\u00a23ii”a11tho1isation from
\nother partnezrs. The; law    in the case of<\/p>\n
RANJITI-IA EALASUBEAMANEAN: A’1~::\u00a7’ ANCYMER vs. SHANTH!<\/p>\n
GROUP AND. — i”11~!~Li% 2007 KAR 765 is not
\napp}icabI;\u00a7;_ S0   by this Court in the case<\/p>\n
of OM s\ufb01hmm  ‘S\u00a3;\ufb01;’.ST.’:_”..’AND MINQRITY CREDIT co-<\/p>\n
4._VVDPER&’\u00a7f\ufb01\/E s0(iI1a3<r$zV1____m).,vs. M. VENKATESH reported in<\/p>\n
V. *- IL\u00a3z   is 3130 not made applicable to the fmts of<\/p>\n
th\u20ac.caiga::; "'fii~v_..V(}?Qj;"'SHAKTHI SC\/ST AND MINORITY CREDIT<\/p>\n
V V} SO~OPERATiV!\u00a7 SOCIE'I'Y'S 1:rz:::., case the complaint is \ufb02ied by<\/p>\n
" M  pxgsid\u00e9ni ofthc Sociacty, therefore he has tn produce power<\/p>\n
 Qf 'amriiey or authorisatioxx to \ufb01le a complaint. Since the<\/p>\n
  pmsidcnt has \ufb01led the complaint Without authoriisatism, this<\/p>\n
    rightly dismissed the appeal preferred by the appcllallb<\/p>\n
complainant in the said case but in the instant case<\/p>\n
.\u00bb \\..\n<\/p>\n
‘  :;w”\n<\/p>\n
‘:7. _4—3″‘>- ff<\/p>\n
A;\n<\/p>\n<\/p>\n
-1}-\n<\/p>\n
considezdng the fact that the appclkant is a  <\/p>\n
and complaint \ufb01lxzd y its managing partner then;   Vii)’  _&  <\/p>\n
\ufb01le any authorisation to \ufb01k: tht: <:0mpmV':int ' A<\/p>\n
11. The trial Court ca1cu\u00a7atingA *i:hx f'(;;:1usc ‘QfAact*2oif1=.ift:3%v’V’<\/p>\n
\ufb01lm’ g a compiaint from ?\/1 1\/atotallyvh
\n9 of the complaint it is spc;\u00abr:i_f:\u00a7<:a1ly.A \u00a3a'*'a':\u00a2.=:;*.'5_1:'::<."lVV by' the'  that
\nthe cause of action fior  –;iiffcn:nt dams<\/p>\n
11.6., 6\/ I 1\/ 2000 and. :8}; 1\/ can not resist<\/p>\n
service of \u20ac152\u00bb mi L\ufb01awfg\u00e9\ufb02gc, the appellant send
\nthe notice  Wh_'i'v::h   by the respondents. It is not<\/p>\n
the case of tiic._ :'t:s3p{$r;<ie3:t  the address to which notice<\/p>\n
_s\u00a2nt  In  behalf a reference is made to a<\/p>\n
 '\u00ab:3.cc:Ai$i:;\u00ab.n:V of'? t\ufb011c~ iH'a1:;'blc Apex Court in the cam of C.\u20ac\u00a7.AL.AVI<\/p>\n
HAJ:_\u00e9?S ,%\u00abPA\u00a37;;9E1fr$3 MUHAMMED AND ANOTHER reported in<\/p>\n
 (-2.2007) ""6 scfcz  Thcrcfam it couzd be said that the<\/p>\n
H " " 4.it:sipe:usicnt\u00e9."'ca.. $111011 contend that then: is no proper sermon' of<\/p>\n
 -izo\ufb01ee. The trial Court without pmper apprcciaticn of<\/p>\n
VT jjdccumcnts placed on rczcard cam: to a wrong conclusion in<\/p>\n
  ”  the respondents. Hence this appeal is to has allowed<\/p>\n
V. by setting the order of acquittai passed by the trial court.<\/p>\n
12. Counsel for thr: appellant vchemt;Iatl.3f:  .. V’ <\/p>\n
since the cheques have been issued in    W139?<\/p>\n
not cncashcd on account ef  {he  ,<\/p>\n
Court may impose sentence igicublcV”t31\u00e9”\ufb0111\u00e9’:’:Eamount<\/p>\n
Imposing of he amouz;.\u20aci*..Ais <\/p>\n
Thercfom taking into ”   km and
\ncircumstances gf     \ufb01ne in all of
\nRs.80,{}OG\/-\n<\/p>\n
13.  .–  The Judgment
\nand oxtiti\ufb01gf  the trial Court acquitting the<\/p>\n
rcapondrcnts  asiiic and Respondent Nos. .1 to 3 am<\/p>\n
 for the \u00a7\u00a7\ufb01’cv\ufb01v<v:_g;__'p'unishabIe under Sec.l38 of N .1. Act.<\/p>\n
 and 3 are sentenced to pay \ufb01ne of<\/p>\n
 default of payment of \ufb01ne amount thcy<\/p>\n
 shall  .  for thzvcc months cash. Aftnr dcpasiting the<\/p>\n
 ..an:'1ou1"r\u00a3.of Rs.80,000\/-, by Respondent N032 and 3 the<\/p>\n
  be payable to the appcizam herein. In<\/p>\n
Sd\/–\n<\/p>\n
Judge<\/p>\n
Lr<\/p>\n","protected":false},"excerpt":{"rendered":"
Karnataka High Court M\/S Shreyas Financiers vs M\/S N R Babu & Brso on 14 July, 2008 Author: K.Ramanna 3.NJ>1r2AvEEN KUMAR, MAJOR, _ FA’I’HER’s NAME NO’? KNOWN 1 TO THE APPELLANT’, No.66, 3342 CROSS, mm ‘A’ MAIN, Sm BLOCK, V JAYANAGAR, V BANGALORE–56\u20ac) 044. ‘ .. RES?’ NI}EN”I’S (BY SR1 M.M.AsHoKAf; ;xpv.;_r””_ THIS CRLA. I8_FILED.wU,!S;V378{AA\u00a7 […]<\/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-157260","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nM\/S Shreyas Financiers vs M\/S N R Babu & Brso on 14 July, 2008 - 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\/ms-shreyas-financiers-vs-ms-n-r-babu-brso-on-14-july-2008\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M\/S Shreyas Financiers vs M\/S N R Babu & Brso on 14 July, 2008 - 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