Since the appellant failed to pay the amount in time, the respondent filed a companyplaint before the Chief Judicial Magistrate, Kasargode.
Aggrieved by the said judgment, the appellant filed Criminal Appeal No.74 of 2003.
However, when the cheque was presented by the first respondent to his bank, the same was dishonoured on account of insufficiency of funds in the account of the appellant.
The respondent thereupon issued statutory numberice to the appellant within the prescribed time limit informing the appellant about the dishonor of the cheque and calling upon him to pay the amount due.
The appellant issued a cheque to the first respondent for an amount of Rs.95,000/ in discharge of a legally enforceable debt.
ALTAMAS KABIR, J. Delay companydoned.
Leave granted.
