As per the record, the complainant Charanjit Bhola filed a complaint against accused Suresh Jain under Section 138 of the Negotiable Instruments Act, 1881. As per complainant's version, accused is carrying on business of jewellery under the name and style of M/s Jain Jewellers. Accused being known to the complainant requested him for a friendly loan of 1.5 lacs for the partnership firm with a promise to return the same. The accused on 04.10.2006 issued two cheques for an amount of 75,000/- each in favour of the complainant, which on presentation for encashment, were dishonoured. Legal notice was served upon the accused. After receipt of the notice, accused requested the complainant not to file the complain as he is facing financial problems and issued a post dated cheque for `1 lac towards part payment, which on presentation for encashment, was returned back with the remarks 'Account closed'. Legal notice was served upon the accused. When the amount was not paid, then the complaint was filed.