K ANNAJI RAO Vs. N KRISHNA RAJU SEKHAR

JUDGEMENT

(1.) This appeal is filed against the judgment dated 27-3-1998 in C.C. No.118 of 1996 on the file of the IV Additional Judicial First Class Magistrate, Kakinada, wherein the respondent-accused was acquitted under Section 255(1) of the Code of Criminal Procedure of the offence under Section 138 of the Negotiable Instruments Act, 1881 (for short 'the Act').

(2.) The case of the complainant, in brief, is as under:

(3.) On 15-11-1994, the respondent- accused borrowed an amount of Rs.75,000.00 from the complainant-P.W.l for the purpose of investment in his business and executed a promissory note (original of Ex.Pl). On demand, the respondent-accused gave a cheque bearing No.846763, dated 22-8-1995 (Ex.P2) for Rs.50,000.00 drawn on State Bank of Hyderabad, APSP Quarters, Kakianda towards part payment of the amount due under Ex.P l. P.W.I presented Ex.P2 for encashment through Andhra Bank, Srinagar Branch, Kakinada on 22-1-1996. The same was returned as dishonoured for want of sufficient funds, through Ex.P3 memo, dated 23-1-1996. P.W.I was informed about the dishonour of cheque on 27-1-1996. Thereafter, P.W.I got issued Ex. P4- legal notice on 29-1-1996 to the respondent accused through registered post and also under certificate of posting informing about the dishonour of cheque for want of sufficient funds and requesting the accused to pay the amount covered by the cheque within 15 days from the date of receipt of notice. The respondent-accused received the notice sent under certificate of posting (Ex.P7) on 31-1-1996, but the accused evaded to receive the notice sent by registered post and the cover (Ex.P6) was returned with an endorsement 'addressee left'. In spite of receipt of notice, the respondent did not pay the amount covered by the cheque and thus, the respondent was liable for punishment under Section 138 of the Act.