GOVINDARAJUL, J

1. The subject place for consideration is in regard to interpretation of amendment of Negotiable Instrument Act 1881, by Act 55 of 2002, on the aspect of limitation.

2. The appeal is coming on for admission, both the sides have submitted the arguments on merits. So, case is taken up for final disposal.

3. The complainant in C.C. No. 537/2005 on the file of the Civil Judge (Junior Division) and JMFC is the appellant in this appeal.

4. The parties will be referred according to their ranking before JMFC.

FACTS OF THE CASE:-

5. The facts necessary for the consideration of the appeal are as under:

The case of the complainant is that it is a company incorporated under the provisions of the Companies Act, 1956. The company is engaged in the business of production and sale of fertilizer and pesticides.

5(a). It is the further case of the complainant that complainant has a branch at Bellary among other branches, in India. The accused has transacted with the complainant for the period commencing from January 2004 upto June 2004. The transaction so amounted resulted due, in sum of Rs. 19,41,462/-. This is the sum payable by the accused to the complainant. In pursuance