ORDER :

The petitioner is before this Court calling in question proceedings in Crime No.1 of 2021 registered against the petitioner for offences punishable under Sections 420, 467, 468, 464, 472 and Section 34 of the Indian Penal Code.

2. Adumbrated in brief, the factual background as projected by the petitioner is as follows:

There are three protagonists in the alleged episode of crime 3rd-the 2nd respondent/complainant-representative of the respondent; accused No.2 Nikat Capital, and the petitioner. According to the 2nd respondent who is the Additional Deputy General Manager of the 3rd respondent, the story twined unfolds this way. One Nikat Capital, a company based in the United Kingdom having its office in London was introduced by the petitioner to the complainant through his Director Saimak Vatanabadi. It appears that certain transactions took place between the complainant and Nikat Capital. An international sales contract was executed between Nikat Capital and the 3rd respondent for shipping of 6000 metric tons of Heavy Melting Scrap (HMS) and an amount of 7,35,000 US dollars was transferred from the account of 3rd respondent to Nikat Capital despite the fact there was short sup