( 1 ) THESE two petitions have been filed under Section 482 Cr. PC to quash the proceedings in CC No. 1095/96 and CC No. 17/97 respectively on the file of V Metropolitan Magistrate, Hyderabad.

( 2 ) THE petitioners herein arc A7 and A4 respectively in both the cases and the 1st respondent herein is the complainant and respondents 2 to 6 are the other accused in the said cases.

( 3 ) AS the parties are the same and the point involved in both the petitions is the same, these petitions are being disposed of by a common order.

( 4 ) THE 1st respondent herein is a Limited Company and it manufactures the equipments relating to Telecommunications and allied activities. The 1st respondent filed the complaint in CC No. 1095/96 against these petitioners and respondents 2 to 6 herein for the offence punishable under Section 138 of the Negotiable Instruments Act (hereinafter called as Act ). It is alleged in the complaint tiiat during the course of business, the 1st accused company represented by other accused borrowed a sum of Rs. 37. 78 lakhs as Inter Corporate Deposit from the complainant and in discharge of that debt together with interest thereon, the 1st accused company