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138 N.i.act

This document is a statutory notice issued under Section 138(b) of the Negotiable Instruments Act regarding a loan of Rs. 3,00,000 provided by Mr. V.V. Lakshmi Narayana to Meena G. Reddy, which remains unpaid. The notice states that a cheque issued by Meena was returned due to insufficient funds, indicating bad intent, and demands repayment within fifteen days. Failure to comply may result in legal action against Meena for the owed amount and associated costs.

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Ananth Raman
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11 views3 pages

138 N.i.act

This document is a statutory notice issued under Section 138(b) of the Negotiable Instruments Act regarding a loan of Rs. 3,00,000 provided by Mr. V.V. Lakshmi Narayana to Meena G. Reddy, which remains unpaid. The notice states that a cheque issued by Meena was returned due to insufficient funds, indicating bad intent, and demands repayment within fifteen days. Failure to comply may result in legal action against Meena for the owed amount and associated costs.

Uploaded by

Ananth Raman
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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M/s.Y.

ANANTHA RAMAN
SMT.ANURADHA
ADVOCATES
D. No. 3-3-76/15,Chaitanya Vilas Colony, Attapur, Hyderguda, Hyderabad.
________________________________________________________________________
Date:20-1-2006
BY REGD POST WITH ACK DUE.
To

Meena G. Reddy
W/o. Dasarth Reddy
R/o. 2-2-23/22/17,
Durga Bai Deshmuk Colony,
Bagamberpet, Hyderabad.

STATUTORY NOTICE U/S 138 (b) OF N.I. ACT

Under the instructions of my client Mr. V.V. Lakshmi Narayana


S/o. Raghavarao, R/o. 6-3-598/1, Flat No. 401, Navatha Castle,
Venkataramana Colony, Khairatabad, Hyderabad I do hereby issue the
following notice:

1. My client represents that You and my clients are well


known to each other and well acquainted for the last two years, having
the said acquaintance with my client you have approached my client
in the last week of march 2005, and requested my client to arrange a
sum of Rs. 3,00,000/- as a hand loan to meet your urgent family needs
and you have promised to my client to repay the said amount with in
two months. Having acquaintance with you my client has arranged the
said amount by taking a sum of Rs. 2,00,000/ from his friends for time
being and remaining from his own source and has given an amount
Rs. 3,00,000/- ( Rupees Three lakhs) to you in the first week of April
2005.
2. My client represent that as time which was promised by you for
repaying of the said borrowed amount from my client was lapsed, my

-2-

client made repeated demands to you to repay the same. On the said
repeated demands for discharge of your liability, you have issued a
cheque bearing No. 927776 dated 30-7-2005 drawn on Andhra Bank
Bagh Amberpet Branch, Hyderabad for a sum of Rs. 3,00,000/- i.e.
toward only the principal amount and requested my client to present
the same after 2nd week of December.

4. My client states that as per your request my client presented on


21-12-2005 for encashment in my client’s account with I.C.I.C.I. Bank,
Khairthabad branch Hyderabad. The said Cheque was returned unpaid
along with the Cheque return memo dated 23-12-2005 issued by your
banker for the reason “Insufficient funds”. This clearly indicates
knowing fully well that there were no sufficient funds in your account,
had issued the cheque described supra with an ill motive, bad
intention and to cheat my client. Thus you have committed an offence
punishable U/s. 138 of the Negotiable instrument Act and under
section 420 of I.P.C.

I therefore call upon you to pay the cheque amount of Rs.


3,00,000/-, which is an amount you are liable to pay as it is legally
enforceable debt with in fifteen days from the date of receipt of this
notice, failing which my client shall be constrained to initiate necessary
legal proceedings against you under sections mentioned above
holding you liable and responsible for all the costs and consequences
arsing thereof.
Please remit an amount of Rs. 1,000/- towards the cost of this notice

ADVOCATE

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