1. - The instant petition under Section 482 Criminal Procedure Code has been filed by the accused-petitioner and seeks quashing of the criminal proceedings pending in the court of learned Metropolitan Magistrate, Mumbai in Criminal Case No. 6740/55/05 "Ahlers India Pvt. Ltd. v. Tripti Vyas" for the offence under Section 138 of the Negotiable Instruments Act, 1881 (here-in-after referred to in short as 'the Act of 1881').Briefly stated, the relevant facts giving rise to this petition and necessary for its disposal are that M/s. Vivek Harsh International is a proprietorship firm. The petitioner is its proprietor. The firm is engaged in the export of different sized cobbles/stones worldwide for the last over decade for which it hires services of different transporters/shippers to supply the cargo/material etc. to number of national as well as international destinations regularly. The accused-petitioner entered into a written agreement with M/s. Jos Marris, Belgium on 11.03.2005 for export of certain kinds of material herein it was stipulated that the entire cargo would be supplied through the non-petitioner No. 1 for which empty containers would be made available/provided at Jaipur. It was in fact a Letter of Credit. Later on, specific agreement was entered into between the parties for supply of 58 empty containers at ICD-Kanakpura, Jaipur on March 28, 2005 for which security cheques worth Rs. 16 lacs were given, but only 10 containers were provided on 02.05.2005 at ICD-Kanakpura, Jaipur while other 10 empty containers were provided at Mindra Port, Gujarat. So, the petitioner instructed its banker to stop payment of the security cheques which were presented by non-petitioner No. 1. On dishonour of the cheques, a complaint was filed in the aforesaid court under Section 138 of the Act of 1881. The case of the accused-petitioner is that payment of Rs. 6 lacs was made to the non-petitioner No. 1 towards the charges of 20 containers which were supplied vide an on-line money transfer via Standard Chartered Bank which fact was concealed in the complaint. The court took cognizance against the petitioner and issued process for securing his presence in the said court, even though the said court had no jurisdiction to entertain the complaint as no part of the cause of action had arisen in its local jurisdiction in as much the agreement was entered into between the parties at Jaipur, the same was to be carried out at Jaipur and the cheques were also to be encashed at Jaipur. Hence, the petitioner has invoked the inherent jurisdiction on this court to quash criminal proceedings initiated against him pursuant to the aforesaid complaint and pending in the court of learned Metropolitan Magistrate, Mumbai.

2. After notice, the non-petitioner No. 1 has inter alia prayed for vacation of the interim stay order passed by this court.I have heard at length learned counsel for the parties and have perused the relevant documents placed before me as, well as the case law cited at the bar.

3. Relying upon Union of India & Anr. v. Shri Ladulal Jain, AIR 1963 Supreme Court 1681 , Bahrein Petroleum Co. Ltd. v. P.J. Pappu & another, AIR 1996 (1966 ?) SC 634 , Navinchandra N. Majithia v. State of Maharashtra, AIR 2000 Supreme Court 2966 M/s. Kusum Ingots and Alloys Ltd. v. Union of India & another, AIR 2004 Supreme Court 2321 and M/s. Pepsi Foods Ltd. and another v. Special Judicial Magistrate and others, AIR 1998 Supreme Court 128 , learned counsel for the petitioner has contended that the court at Mumbai having no jurisdiction to entertain the complaint in question, has exceeded its Jurisdiction which tantamounts to abuse of the process of the court and calls for and justifies exercise of inherent powers under Section 482 Criminal Procedure Code to quash the complaint and criminal proceedings initiated and pending against him in the court at Mumbai.Learned counsel for non-petitioner No. 1 has vehemently opposed this contention on the ground that