S.S. Grewal, J. - This petition under Section 482 of the Code of Criminal Procedure, 1973 (hereinafter referred to as the Code) relates to quashment of complaint Annexure P/1, under Section 136 read with Section 141 to the Negotiable Instruments Act, 1881 as amended by the Act No 66 of 1988 (hereinafter referred to as the Act) and consequential proceedings taken thereunder pending in the Court of Chief Judicial Magistrate, Sirsa.

2. In brief facts relevant for the disposal of this petition as emerge from the complaint, are that complainant Company is engaged in its legitimate and lawful activities at Sirsa and at other places within India, and enjoys a great goodwill and high reputation amongst the men of similar trade and other persons. The accused company through its partners accused No.2 purchased goods from the complainant Company on credit basis and in this regard huge sums accumulated towards the price and other expenses concerning the goods to which the accused an liable to pay to the complainant company factually and legally. It was further alleged that a number of cheques were issued by the accused-Company in favour of the complainant Company as payment of price of