JUDGMENT

Inderjit Singh, J. - The present appeal has been filed by the appellant M/s Destiny Chit Fund Co. (P) Ltd. against respondent Sat Parkash, challenging the impugned judgment dated 20.12.2006 passed by learned Addl. Sessions Judge, Jalandhar, vide which appeal filed by accused-respondent against the judgment of conviction and order of sentence dated 16.12.2005 passed by learned Judicial Magistrate 1st Class, Jalandhar, was allowed and he was acquitted of the charges framed against him.

2. The brief facts of the prosecution case as noted down in the judgment passed by learned JMIC, Jalandhar, are as under:-

"2. Brief facts of the complaint are that the accused took a loan of Rs.2,62,980/- from the complainant company and in order to discharge the debt, he issued a cheque for an amount of Rs.2,18,890/- dated 27.08.2002 in favour of the complainant company. The said cheque was drawn on Citizen Urban Cooperative Bank Ltd., Jalandhar The complainant presented the said cheque through its bankers State Bank of India, Old Railway Road, Jalandhar which was returned dishonoured with the remarks "Funds Insufficient". The complainant received the information on 28.08.2002 and the complaina