ORDER

The present application is filed by the petitioner, who is A-3, under Section 482 of the Code of Criminal Procedure, 1973 (for short 'Cr.P.C.'), seeking to quash the proceedings against him in C.C.No.352 of 2004 on the file of IV Additional Munsif Magistrate, Guntur.

2. A private complaint was filed by the 1st respondent against the petitioner and others, alleging that the 1st accused is a firm carrying on business in cotton, 2nd accused is the Managing Director of the said firm, for which accused Nos.3 and 4 are Directors. It is alleged that all the accused have been actively participating in the day-to-day transaction of the company, and with the consent and knowledge of accused Nos.3 and 4, 2nd accused issued four cheques on behalf of the 1st accused. The said cheques, when presented, were returned due to insufficient funds. After complying with legal requirements as contemplated under the provisions of the Act, a private complaint came to be filed against the accused.

3. Learned counsel appearing for the petitioner mainly contends that even accepting the allegations in the complaint as true, no offence is made out against the petitioner, who was only a director of the compan