2 lakhs and Rs.
1, a partnership firm, took a loan of over a crore of rupees from the appellant bank and towards part re payment of the above loan, issued three cheques dated 29.3.94, for Rs.
All the cheques were again presented to the bank but returned with the same remarks namely funds insufficient.
1999 Supp 3 SCR 534 The Judgment of the Court was delivered by PHUKAN, J. Leave granted.
P.C. and quashed the criminal proceedings namely case Nos.
Thereafter, the appellant bank approached the Judicial Magistrate First Class by filing two companyplaints under Section 138 of the Negotiable Instruments Act, 1881 for short the Act .
Case Nos.
39,50,000, All three cheques were presented to the bank for companylection but received back by the appellant unpaid on 25.4.94 and 19.6.94 with the remarks funds insufficient.
By the impugned judgment and order the High Court allowed the petitions filed under Section 482 Crl.
636 and 637 of 1997.
1 lakh, Rs.
The appellant bank sent two registered numberices dated 2,5.94 and 27.6.94 through the advocate and there was numberdispute that the numberices were received.
Respondent No.
172 and 1156 of 1995 pending before the Judicial Magistrate, First Class, Gwalior.
These two appeals are by the companyplainants against the judgment and order of the learned Single Judge of the High Court of Madhya Pradesh, Gwalior Bench passed in Misc.
