( 1 ) THIS Criminal Revision Petition is filed under Section 397 read with Section 401 of the Code of Criminal Procedure (the Code for short) by the petitioners Nos. 1 to 3 against the judgment of convictions and sentences passed by the Presiding Officer, Special Court for Economic offences, Bangalore District, Bangalore, in C. C. No. 79/ 82.

( 2 ) CHANDRA Spinning and Weaving Mills Private Limited, a Company incorporated under the companies Act, 1913, having its Registered Office at 5th Main Road, Chamarajpet, bangalore-18, represented by its Director Sri M. Krishnamoorthy (Petitioner No. 1), Sri M. Krishnamoorthy (Petitioner No. 2) and Sri M. Nagaraj (Petitioner No. 3) - the Directors of the said Company - were A-1, A-2 and A-4 respectively in the Trial Court. The other person arraigned in the Trial Court as Accused No. 3 was Sri M. Madhusudhan, another Director of the said Company.

( 3 ) CHANDRA Spinning and Weaving Mills Private Limited, Sarvashree M. Krishnamoorthy, M. Madhusudhan and M. Nagaraj would be hereinafter referred to as the Company, A-2, A-3 and a-4 respectively.

( 4 ) I have heard the learned Counsel for the Company, Sri C. K. Narayana Rao and Sri S