PRAKASH D. NAIK, J.

1. Heard both parties for final disposal of the of the application.

2. The applicants are arrayed as accused in the complaint filed by the respondent in the Court of Judicial Magistrate, First Class, at Aurangabad, which is numbered as Regular Criminal Case No. 1551 of 2014. The applicants have invoked the inherent powers of this Court under Section 482 of the Code of Criminal Procedure to challenge the criminal proceedings arising out of the said complaint.

3. Brief facts, as alleged in the complaint, are as follows:

(a) The complainant is Private Limited Company registered under the provisions Companies Act. The complainant company is also known as NAC Group being a group of four companies. These companies are in the business of manufacturing Auto Components and supplies the products to Large Scale Automobile Industries, as well as health related services through The Apollo Clinic.

(b) The accused No. 1 is a subsidiary of Godrej and Boyce Mfg. Co. Ltd. The accused No. 1 is engaged in rendering software services and consulting to various companies. The accused No. 2 is the Chairman and Managing Director of Accused No. 1. The accused No. 3 is the Chief Exec