JUDGMENT :

(Prayer: Criminal Original Petition filed u/s 482 Cr.P.C. praying this Court to call for the records culminating in S.T.C. No.1564 of 2017 on the file of the learned District Munsif-cum-Judicial Magistrate, Sriperumbudur.)

1. The present petition has been filed for quashment of STC No.1564/2017 on the file of the learned District Munsif-cum-Judicial Magistrate, Sriperumbudur in a case relating to Section 138 of the Negotiable Instruments Act.

2. It is the case of the respondent, as could be culled out from the complaint, that the petitioner had approached him through one of his business friends and borrowed a sum of Rs.2,50,00,000/- for business purposes on 16.2.16, which the petitioner assured to repay within a month. As the said amount was not repaid, repeated demands made by the respondent resulted in the issuance of two cheques, bearing No.844815 for a sum of Rs.1,25,00,000/- drawn on Indian Bank, Ashok Nagar Branch, as authorised signatory of Adhiparasakthi Promoters and Property Developers and another cheque bearing No.002334 for a sum of Rs.1,25,00,000/- drawn on Karur Vysya Bank Ltd., T.Nagar Branch, as authorised signatory of BKR Hotels & Resorts Pvt. Ltd. However,