ORDER :- This criminal revision case is directed against the judgment dated 29th June 2007 passed in Criminal Appeal No.24 of 2006 on the file of IV Additional Sessions Judge, Nellore, whereby and where under the learned Additional Sessions Judge confirmed the conviction and sentence of fine of accused-Pittala Subramanyam for the offence under Section 138 of N.I. Act while modifying the sentence of imprisonment to compensation of Rs.1,00,000/- passed in C.C. No.195 of 2004 on the file of Judicial Magistrate of First Class, Sullurpet.

2. The background facts in a nutshell leading to filing of this revision by the accused are:

2nd respondent-Po Ramachandra Reddy is the complainant and the petitioner is the accused in C.c. No.195 of 2004. A complaint came to be filed before the Judicial Magistrate of First Class, Sullurpet alleging inter alia that the accused borrowed a sum of Rs.1,00,000/- as hand loan from the complainant on 31.3.2004 and issued EX.P.1 cheque dated 3 1.3.2004 drawn on State Bank of India, Sriharikota Branch towards discharge of the hand loan. He presented the cheque for collection and the same came to be dishonoured under EX.P.2 memo dated 12.6.2004. He got issued a n

Click Here to Read the rest of this document