In this background, I am of the opinion that the revision deserves to be allowed. The impugned judgment dated 21.07.2008 passed by the learned Judicial Magistrate, First Class, Sri Vijaynagar in Criminal Case No.285/2003 whereby the petitioner was convicted for the offence under Section 138 of the N.I. Act and sentenced to 1 year S.I. and a fine of Rs.5,00,000/as well as the judgment 08.06.2012 passed by the learned Additional Sessions Judge, Raisinghnagar, District Sri Ganganagar in Criminal Appeal No.30/2008 rejecting the petitioner’s appeal, are set aside. The petitioner is acquitted of the charge under Section 138 of the N.I. Act. However, keeping in view the ratio of judgment rendered by Hon’ble the Supreme Court in the case of Damodar S. Prabhu vs. Sayed Babulal H., reported in AIR 2010 SC 1907 , the petitioner shall be required to deposit 15% of the cheque amount (15% of Rs.4,00,000/) in the trial court whereafter, he shall be released from custody. The amount upon being released shall be appropriated in the funds of State Legal Services Authority.