ORDER :

B. Siva Sankara Rao, J.

1. The petitioner is the A. 1 -M/s. Sri Shanmukha Agro Traders (for short, 'the M/s. SAT') rep. by its Prop. Mrs. Ch. Jayalakshmi, among two accused of A.2-Ch. Madhava Rao, Prop: M/s. Sampath Ganesh Trading Company (for short, M/s. SGTC) in C.C. No. 10 of 2016 on the file of the VIII Special Magistrate, Erramanzil, Hyderabad, outcome of a private complaint of the 1st respondent-M/s. Shanmukha Agritech Limited (for short, 'the company') represented by its authorized Signatory, originally M. Venkata Narayana, now permitted to represent by B. Ramesh for the so called offence punishable u/sec. 138 of the Negotiable Instruments Act(for short, 'the Act'), based on two cheques bearing Nos. 697868 for Rs. 3,10,430/- (Rupees three lakh ten thousand four hundred and thirty only) and 697869 for Rs. 3,00,000/- (Rupees three lakhs only) both dt. 13.01.2014 drawn on State Bank of India, Kothapet branch, Guntur, from the same when presented returned dishonoured and from statutory notice for non-payment with untenable reply by the A. 1 and from accrual of cause of action, the complaint was allegedly filed on 19.03.2014 and after sworn statement, on perusal, the learne