C. Y. SOMAYAJULU, J.

( 1 ) ONE Mr. Eashwar M. Sajanani filed a private complaint against M/s. OPTS Marketing Pvt. Ltd. , and its Managing Director and the Chief Executive, alleging that on 3-7-1997 the Managing Director and the Chief Executives of M/s. OPTS Marketing Private Limited, had approached him for a hand loan of Rs. 30,000. 00 for their urgent needs, representing that they had means to repay the amount, and dishonestly and deceptively induced him to part with Rs. 30,000. 00 against two post dated cheques for Rs. 15,000. 00 each, drawn on State Bank of India, Lalaguda Branch, Secunderabad, and when those cheques were presented for encashment, they were dishonoured. Inspite of notice demanding payment of the amount covered by the cheques, they have not repaid the amount and hence are liable for punishment under Section 420 read with Section 34, IPC. On 5-1-1999 the learned Magistrate referred the said complaint to Ramgopalpet Police Station, under Section 156 (3), Cr. P. C. , and directed the police to submit a report by 5-2-1999, on the basis of which a case in Cr. No. 24 of 1999 was registered by the Ramgopalpet Police. On 3-2-1999 the three named accused in that Crime fil

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