THE HONOURABLE SRI JUSTICE N.TUKARAMJI Criminal Petition No.5424 of 2024

ORDER

This Criminal Petition is filed under Section 482 of Code of Criminal Procedure, 1973 (for short, ‘the CrPC’) seeking quashment of proceedings in C.C.No.4577 of 2019 on the file of the XI Metropolitan Magistrate, Kukatpally.

2. I have heard Mr. Syed Tousif Basha, learned counsel for the petitioner, Mr.B.Naresh Kumar, learned counsel for the respondent No.1 and Mr.Jithender Rao Veeramalla, learned Additional Public Prosecutor, representing the respondent No.2-State.

3. The petitioner is arrayed as accused No.3 in C.C.No.4577 of 2019 filed under Section 142 of the Negotiable Instruments Act, 1881 (for short, ‘the NI Act’).

4. Factual matrix :

The case of respondent No. 1/complainant, in brief, is that on

02.03.2018, Bilwa Infrastructure Ltd./accused No. 1 company, entered into an agreement with the complainant for the establishment of a batching plant. A financial dispute subsequently arose regarding an alleged outstanding balance of Rs.38,43,768/-, which was later settled for Rs.24,64,300/-. In pursuance of the settlement, four post-dated cheques were issued by the Executive Director/accused No. 2, allegedly o