O R D E R

This Criminal Original petition has been filed under Section 482 Cr.P.C. to set aside the order passed on 07.09.2017 in C.C. No.2443 of 2014 by the learned Magistrate IVth Fast Track Court, George Town, Chennai and pass orders accordingly.

2.The case of the petitioner is that the complainant/respondent herein has filed compliant in C.C. No.2443 of 2013 against the petitioner herein before the learned Metropolitan Magistrate Court No.IV, Chennai, stating as follows:

2.1. The Complainant is a Registered Private Limited Company in the name and style of M/s Suryadev Alloys and Power Private Limited. The Accused-2 being the Managing Director of M/s. Karishmaa Foundation Pvt. Ltd.,/Accused-1, has Purchased steel goods on various dates on various invoices from the Complainant company. As on date, the petitioner company is having the total out standing due of Rs.90,46,488.39/- (Rupees Ninety Lakhs Forty Six Thousand Four Hundred Eighty Eight and Thirty Nine Paise Only). On repeated demands and request in order to discharge the due as part of its liability, the accused-2 has issued a Cheque bearing No.390877, dated 30-09-2013 for an amount of Rs.15,40,286/- (Rupees Fifteen Lakhs For