TMI Blog1996 (10) TMI 435X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Negotiable Instruments Act, 1881 (for short the Act ) and section 420 of the IPC read with sections 190 and 200 of the Code of Criminal Procedure. The gravamen of the allegation is that the petitioner had issued two post-dated cheques dated 10.10.1994 and 31.12.1994, each for a sum of Rs 3,00,000/- drawn on Indian Overseas Bank, Trichur Branch. But on the cheques being presented, the same ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f that account is insufficient to honour the cheque or that it exceeds the amount arranged to be paid from that account by an agreement made with that bank, Such person shall be deemed to have committed an offence and shall, without prejudice to any other provision of this Act, be punished with imprisonment for a term which may extend to one year, or with fine which may extend to twice the amount ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e respondent on 12.10.1994 stating, inter alia, that the allegations made in the letter of 4.10.1994 were not true; and date and place may be fixed for perusal of the accounts and connected records. The appellant has produced and connected records. The appellant has produced A communication of the Indian Overseas Bank, Thrissur, Branch, which is at page 64 of the Paper Book, showing that when the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... above, we are satisfied that in the present case cheques were presented after the appellant had directed its bank to stop payment . We have said so because though it has been averred in the complaint that the cheque dated 10.10.1994 was presented for collection on that date itself through the bank of the respondent which is Catholic Syrian Bank Ltd. from the aforesaid letter of the Indian Overse ..... X X X X Extracts X X X X X X X X Extracts X X X X
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