appellant/complainant vehemently contended that the complainant and the accused had business transactions and they entered into an agreement viz., Ex.D3, wherein, as per the said agreement, the accused agreed to repay a sum of Rs.32,50,000/- and as per the agreement, he should have issued 6 cheques. But he issued only 3 cheques in favour of one Balamurugan, as per the terms of agreement and through him by way of filing 2 cases, the amounts connected with 3 cheques were settled. It is his further argument that in respect of remaining 3 cheques, after mediation, the debt was quantified and towards debt, the accused issued a cheque dated 27.06.2011 for an amount of Rs.3,00,000/- drawn on M/s.IndusInd Bank Ltd, Karur. The said cheque Ex.P1 was presented to the complainant's Banker on 24.12.2011. The said Ex.P1 Cheque was returned on 26.12.2011 with an endorsement ''funds insufficient''. Later, a legal notice was caused to be issued to the accused herein on 21.01.2012. The accused responded with the reply notice with untenable details.
