1. The petitioners are accused 1 and 2 in C.C.No.1592 of 2010 on the file of IX Metropolitan Magistrate, Cyberabad at Kukatpally. The present criminal petition is filed under section 482 Cr.P.C. seeking to quash the proceedings in the said case, which was taken on file against them for the offences punishable under Sections 406, 420 and 506 read with 34 I.P.C.

2. The allegations in the complaint in brief are as under :

The second respondent herein is a proprietary concern running a printing press under the name and style of M/s. Gowtham Printers at Kukatpally. A-2 approached the respondent in the month of April 2009, introduced himself as Finance Manager of V.R.Equipments and Consumables Private Limited and informed the respondent that their company intend to conduct a survey in the general public, for which they need huge quantity of survey forms. The respondent agreed to supply the survey forms and accordingly an order dated 25.04.2009 was placed with the complainant for print and supply of 8 crores of survey forms. The accused agreed to pay @ Rs.46,000/-per one lakh forms and the total cost of the order was estimated as Rs.3,68,00,000/-. Initially the complainant pri