Asim Kumar Ray

1. THIS is an application under Section 482 of Code of Criminal Procedure filed by K. Balasubramanian/petitioner praying for quashing of the complaint case being No. C-31302 of 2009 pending before the learned Metropolitan Magistrate, 8th Court at Kolkata.

2. THE factual background in a nutshell is that opposite party No.2 M/s Steer Overseas Private Limited filed the complaint case being No. C-31302 of 2009 under Section 138 of N.I. Act, 1881 against the petitioner alleging, inter alia, that the petitioner entered into a contract with the opposite party No. 2 for conducting business and in course of such business transaction a huge sum of money became due and payable by the petitioner to the O.P. No. 2. THE petitioner assured the o.p. No. 2 that he would clear off all such dues and on 22-2-2009 there was a detailed meeting between the petitioner and the o.p. No. 2 wherein the petitioner admitted his liability to pay a sum of Rs. 11,90,18,978/- subject to the verification of the payment made by the o.p. No. 2 to Krishnapatnam Port Co. Ltd. on behalf of the petitioner and that the petitioner was supposed to confirm the same within 28-2-2009. On 21- 2-2009 the pe