s.n. variava, J.:—-This is a private complaint filed by the Standard Chartered Bank (hereinafter for brevity's sake referred to as 'the said Bank) through its Director one Mr.Bratindranath Banerjee against the accused Mr. Hiten P. Dalal alleging an offence under section 138 of Negotiable Instruments Act. It is the case of the prosecution that the accused had issued to the said Bank four cheques, viz., (1) cheque No.985203 dated 24th December, 1991 for Rs. 27 crores (Ex. B); (2) cheque No. 985204 dated 26th December, 1991 for Rs. 14.50 crores (Ex. C); (3) cheque No. 989897 dated 17th February, 1992 for Rs. 17 crores (Ex.D); and (4) cheque No. 023423 dated 27th March, 1992 for Rs. 19,95,75,000/- (Ex. E). It is the case of the prosecution that these cheques were given in discharge of the liability of the accused to the said Bank arising from differences in the Contract Rates and Delivery Rates in transactions undertaken at the instance of the accused. It is the case of the prosecution that these cheques when presented were dishonoured for reason 'Not Arranged For'. It is the case of the prosecution that in spite of receipt of a Notice dated 1st June, 1992, the accused has fa