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2021 Supreme(Kar) 252

K.NATARAJAN
STATE OF KARNATAKA – Appellant
Versus
GREENBUDS AGRO FORM LIMITED COMPANY – Respondent


Advocates Appeared:
For the Appellant : SRI SHEELAVANTH V.M., S.P.PI
For the Respondent:SRI RAGHAVENDRA N., ADVOCATE

ORDER :

1. The State by C.I.D. filed this petition under Section 482 of the Code of Criminal Procedure Code, 1973 (for short, ‘Cr.P.C.’) being aggrieved by the order dated 882016 passed by the Principal District and Sessions Judge, Mysuru, (hereinafter referred to as ‘Trial Court’) in Crime No.116 of 2013 for having rejected the charge-sheet filed by the Police Inspector, Financial and Vigilance Unit, C.I.D., Bengaluru.

2. The petitioner State is the complainant and the respondents are the accused before the Trial Court. The ranks of the parties before the Trial Court are retained for the sake of convenience.

3. The case of the prosecution is that, accused No.1 is the Greenbuds Agro Farms Limited Company and accused Nos.2 to 5 are the Managing Directors and Directors of the said Company. It is alleged that, they have collected investments from the general public and cheated the public up to Rs.12,95,13,433/. The individual investors have filed complaints before different Police Stations in Mysuru District. The State Government, by its order, appointed the jurisdictional Assistant Commissioner as Competent Authority for the purpose of taking action against the accused under Section 5

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