ORDER :

The petitioners are before this Court calling in question registration of crime in Crime No.172 of 2019 on 16-07-2019 for offences punishable under Sections 66C and 72A of the Information Technology Act, 2000 and Sections 406, 420 and 34 of the IPC and pending before the 1st Additional Chief Metropolitan Magistrate, Bangalore City.

2. Heard Sri P.Prasanna Kumar, learned counsel appearing for the petitioners, Sri K.S.Abhijith, learned High Court Government Pleader for respondent No.1 and Sri M.N.Kumar, learned Central Government Standing Counsel appearing for respondent No.2.

3. Brief facts leading to the filing of the present petition, as borne out from the records, are as follows:-

1st petitioner -M/s ib Track Solutions Private Limited (‘Company’ for short), a Company registered under the Companies Act, 1956 is associated with procuring and supplying of e-seals with Radio Frequency Identification (‘RFID’) technology for exporters from India. The 2nd petitioner is the Director of the 1st petitioner/Company. The 1st petitioner/Company claims to have procured unique technology which was the first of its kind for the purpose of exporting cargo with tamperproof seals. The said seal