1. This Criminal Petition has been preferred by the petitioners (A1 to A8 in Crl.P.No.4976 of 2010) under Section 482 of the Code of Criminal Procedure, 1973 (Cr.P.C) to quash proceedings in C.C. No.95 of 2010 (C.C) on the file of the Court of I Additional Chief Metropolitan Magistrate, Hyderabad registered for offence punishable under Section 138 of the Negotiable Instruments Act, 1881 (the Act) in respect of dishonour of a cheque.

2. Whereas the petitioners herein are A1 to A8 the second respondent herein is the complainant in the C.C., who for convenience, be referred to as they are arrayed in the C.C.

3. It is necessary to note briefly the version of the complainant for proper appreciation of the petition. It is as follows. By virtue of a lease agreement dated 15.11.2007 the complainant became the lessee of the premises of A1 to A8 admeasuring 13,056 Square feet in Survey Nos.240, 242 and 243 situated Opposite to Hanuman Temple, China Thokatta, New Bowenpally, Secunderabad, for three years on an agreed monthly rent of Rs.6,00,000/-and subject to deposit of Rs.30,00,000/-towards interest free refundable security deposit with A7 on behalf of all of them which was complie