1. This criminal revision case arises out of the judgment dated 20.10.2004 in Crl.A.No.231 of 2001 passed by the VI Additional Sessions Judge, Ongole.

2. I have heard the learned counsel appearing for the parties.

3. The brief facts of the case are that the revision petitioner-accused borrowed an amount of Rs.10,000/-from one Addanki Venkata RAthnam of Chirala on 11.05.1995 and executed a promissory note in his favour agreeing to repay the amount borrowed together with interest @ 36% per annum. It is said that in spite of the repeated demands by the said Venakta Rathnam, the revision petitioner did not pay the amount and as Mr.Venkata Rathnam was in need of money, he transferred the promissory note in favour of the second respondent-complainant on 02.02.1998 for an amount of Rs.12,000/-. Subsequent to the said transfer, on demand made by the second respondent-complainant to pay the amount due under the transferred promissory note, the revision petitioner issued cheque dated 25.02.1998 for an amount of Rs.25,000/-.

The complainant presented the cheque for collection at Andhra Bank, Kanigiri on 02.07.1998 which was sent to Andhra Bank, Chirala for collection and was returne