2 . The case of the complainant is that 1st respondent borrowed an amount of Rs.10,000/- from the complainant on 11-10-1999 and executed a promissory note in his favour agreeing to repay the same with interest @ 24% per annum. On demand, the 1st respondent issued a cheque bearing No.186589, dated 14-08-2000 for an amount of Rs.10,000/- drawn on Tamilnadu Mercantile Bank, Patnam Bazar, Guntur in favour of the complainant towards part payment of the debt. When the complainant presented the said cheque in his banker i.e., State Bank of India, Patnam Bazar Branch, Guntur for collection on 20-10-2000 the same was returned unpaid with an endorsement “funds insufficient”. After issuing a legal notice, the complainant filed a private complaint and the same was taken on file as CC No.94 of 2001 on the file of the Court of IV Additional Munsif Magistrate, Guntur.