T. Ch. Surya Rao, J.— The petitioner seeks to invoke the inherent jurisdiction of this Court under Section 482 of the Code of Criminal Procedure to quash the proceedings initiated against him in C.C. No. 488 of 2002 on the file of the Judicial Magistrate of First Class, Dharmavaram.

2. The petitioner is the first accused and the respondents 1 and 2 herein are the complainant and the second accused respectively. The first respondent filed a complaint for the offence punishable under Section 138 read with Section 142 of the Negotiable Instruents Act (‘NI Act’ for brevity). It is alleged inter alia in the complaint that the second accused in the course of business transactions he had with the complainant purchased silk sarees from the complainant on credit basis. In discharge of the said debt, the second accused gave a cheque bearing No. 740630 dated 27-2-2002 drawn on South Indian Bank Limited, Kanchipuram Branch, for a sum of Rs. 30,000/- to the complainant. The said cheque was signed and issued by the first accused in favour of the second accused. The second accused gave the said cheque to the complainant with the permission of the first accused. The complainant accepted the sa