Uday Sinha, J.

1. This application in revision is directed against an order of the learned Sub-divisional Judicial Magistrate, Dinapur, dated the 15th July, 1977 by which he took cognizance of offences under Sections 420 and 420-B of the Indian Penal Code and issued processes against the petitioners.

2. Petitioner Nos. 1 and 2 were the Chairman-cum-Managing Director and Assistant General Manager respectively of National Insurance Company Limited with headquarters at Calcutta. Petitioner No. 3 is the Senior Divisional Manager of the same Company at Patna and petitioner No. 4 was the Branch Manager, at the relevant time at Patna. Petitioner No. 5, R.K. Prasad is the Inspector of the said Company. They were all summoned by the learned Sub-divisional Judicial Magistrate, Dinapur to answer the charge under Section 420/420B of the Indian Penal Code levelled against them by the complainant opposite Party.

3. The facts out of which the present application arises are that the opposite party was the Managing partner of Goldeu Enterprises, a Small Scale Industries firm. The firm had timber business and manufactured wooden cable drums, crates, furnitures, packing boxes etc. besides bei