ORDER

M. Nagaprasanna, J. -

The petitioner is before this Court calling in question an order dated 11-11-2014 passed by the XXVIII Additional Chief Metropolitan Magistrate, Bengaluru, in C.C.No.19781 of 2007 registered for offences punishable under Sections 138, 141 and 142 of the Negotiable Instruments Act,1881 ('the Act' for short) and has sought a further direction to expeditiously dispose of C.C.No.19781 of 2007 within the time frame that would be fixed by this Court.

2. Shorn of unnecessary details, facts germane, are as follows:-

The petitioner is one M/s. Rajesh Exports Limited and the respondent is the ex-Managing Director of one M/s Jewels De Paragon Private Limited ('the Company' for short). The petitioner enters into an agreement with the Company for supply of gold jewellary on 23-08-2000 and the respondent in his personal capacity gives a cheque for 3,00,00,000/- (without indicating the date on the cheque) in favour of the petitioner for repayment of the value of gold received by the Company from the hands of the petitioner. After about 7 years, on 05-04-2007, the petitioner presents the cheque only to be dishonoured and returned with an endorsement 'account closed' in th