1. Complainant’s appeal against acquittal of the respondents for offences punishable under Section 138 of the N.I. Act.

2. Heard learned counsel Sri. S. Prahlad appearing for the appellant and Sri. Pramod N Kathavi, learned counsel for the respondents/accused. Perused the record in supplementation thereto.

3. The contextual facts needing reference are:

The appellant/company incorporated under the Companies Act initiated prosecution against respondent No.1, a partnership concern for offences punishable under Section 138 of the N.I. Act on material allegation that it had appointed the accused/partnership firm as its distributor to deal with the agricultural products manufactured by it. The first respondent was represented by its partners respondents 2 and 3. During the course of said business transaction, the complainant accepted the order placed by the first respondent/accused and supplied its products which was documented in the Invoice. On delivery of the material indented by the accused, the transaction was complete. The accused/firm was liable to pay the value of the products so supplied and delivered. The accused acknowledging its liability to pay Rs.1,50,000/- issued the