ORDER :

K.Suresh Reddy, J.

This Criminal Petition, under Section 482 of Cr.P.C., has been filed by the petitioner/A-1, seeking to quash the proceedings in C.C.No.143 of 2014 on the file of the court of Special Mobile Magistrate, Guntur.

2. Heard Sri K.Srinivas, learned counsel for the petitioner and the learned Assistant Public Prosecutor.

3. As seen from the record, the 2nd respondent herein has filed a private complaint under Sections 190 and 200 Cr.P.C. against the petitioner herein for the offence punishable under Sections 138 and 142 of the Negotiable Instruments Act,1881.

4. The brief facts of the case of the complainant succinctly is thus:-

The petitioner herein has borrowed an amount of Rs.5,00,000/- from the 2nd respondent/complainant on 10.01.2011 for the purpose of his family expenses and executed a promissory note in favour of the complainant and agreed to repay the said amount with interest @ 24% per annum. On repeated demands, the petitioner gave a cheque, dated 17.06.2013, bearing No.28831, for an amount of Rs.7,50,000/-, drawn on Union Bank of India, Lakshmipuram Branch, Guntur towards full and final settlement of the above debt. When the 2nd respondent/complainant presen