( 1 ) THIS is a petition filed under Sec. 482 of the Code of Criminal Procedure, 1973 to quash the proceedings in C. C. No. 484 of 1999 on the file of the learned IVth Metropolitan Magistrate, Hyderabad. The petitioners herein are arrayed as accused No. 4 and 5 respectively in the said C. C.

( 2 ) M/s. Gayatri Sugar Complex Limited filed C. C. No. 484 of 1999 on the file of the learned IVth Metropolitan Magistrate, Hyderabad against M/s. Suryatronics Private Limited represented by its Chairman and Managing Director, Chairman and Managing Director in person and its other Directors for the offence punishable under Sec. 138 of the Negotiable, Instruments Act, 1881 (for short the Act ). The petitioners herein are arrayed as Accused No. 4 and 5 in their capacity as Directors of M/s. Suryatronics Private Limited.

( 3 ) IT is the case of the complainant that it had invited tenders for design, engineering, manufacturing and supply of clarification plant, evaporation and boiling plants, cooling and part of curing equipment for their sugar plant in Nellore District. The first accused company responded to the tender and pursuant to the discussion, the contract has been awarded to the first

Click Here to Read the rest of this document