S.S. Grewal, J. - This petition under Section 482 of the Code of Criminal Procedure 1973 (hereinafter referred to as the Code) relates to quashment of complaint, Annexure P/1, under Section 138 read with section 141 of the Negotiable Instruments Act, 1881 as amended by the Act No. 66 of 1988 (hereinafter referred to as the Act) and consequential proceedings taken thereunder pending in the Court of Chief Judicial Magistrate, Sirsa.

In brief, facts relevant for the disposal of this petition as emerge from the complaint, are that the complainant Company is engaged in its legitimate and lawful activities at Sirsa and at other places within India, and enjoys a great goodwill and high reputation amongst the men of similar trade and other persons. The accused-Company through its partners accused No.2 purchased goods from the complainant Company on credit basis and in this regard huge sums accumulated towards the price and the other expenses concerning the goods to which the accused are liable to pay to the complainant Company factually and legally. It was further alleged that a number of cheques were issued by the accused-Company in favour of the complainant Company as