Accused Nos.1 and 2 in Crime registered under FIR No.78 of 2005 of Nallabelli Police Station, Warangal District, for the offence punishable under Section 420 IPC, filed this Writ Petition seeking invalidation of action of Judicial I Class Magistrate, Narasampet in forwarding the complaint of respondent No.2 to respondent No.1 for investigation and the consequential action of respondent No.1 in registering the crime. The petitioners also seek restraint order on respondent No.1 from proceeding with the investigation by quashing FIR dated 3-11-2005.

2. The facts to the extent they are relevant are stated hereunder:

Petitioner No.2-Hindusthan Petroleum Corporation Ltd., (for short "the Corporation"), which is a fully owned Government Company, is engaged in the business of refining and marketing of petroleum products, such as, Motor Sprit (MS), High Speed Diesel (HSD), Liquefied Petroleum Gas (LPG), Lubricants (Lubes) etc., through out the country. It carries on its business of selling the said products through its dealers, who are selected through a selection process. For the purpose of selecting its dealers, the Corporation laid down selection guideli