( 1 ) THIS Criminal Appeal is filed by the appellant/complainant/om Finance corporation as against an order of acquittal dated 11-6-1999 recorded in C. C. No. 600 of 1998 on the file of the Additional Judicial magistrate of First Class, Sangareddy.

( 2 ) THE appellant/complainant filed a complaint under Section 138 of the Negotiable instruments Act, 1881 (hereinafter in short referred to as the Act for the purpose of convenience ).

( 3 ) IT is the case of the complainant that it is registered firm and on 31-8-1995, the first respondent along with her husband approached the complainant-Corporation and requested for an advance of Rs. 2,00,000/- for the purpose of family and legal necessities and the husband of the accused expressed his willingness to stand a guarantor. The accused, after satisfying with the terms and conditions of the Corporation, submitted two loan applications, each for Rs. 1,00,000/- and also agreed to pay an interest at the rate of 2% p. a. , payable on or before the 14th of every month. The accused received an amount of Rs. 2,00,000/- by way of cash from the complainant-Corporation on the same day i. e. , 31-8-1995. On repeated demands, the a