1. Petitioners have come to this Court under S.482 of the Cr. P.C. (for short Cr.P.C.) for quashing the proceedings of G.R. case No. 1052 of 1982 pending the Court of the learned Chief Judicial Magistrate, Saharsa including the investigation and the first information of Saur Bazar P.S. Case No. 111 of 1982 (State V/s. Subhash Agarwal) under S.407 of the Indian Penal Code (for short I.P.C.). The petitioners claim themselves to be proprietor of the Carriers Corporation of India, a firm which deals in carrying of goods through trucks etc. from one part to the other part of the country and do business as public carrier. The Carrier Corporation of India (for short the Company) has a number of trailers to carrying big consignments from Bombay to any destination in India On 3rd of Aug., 1982, M/s. Bihar Paper Mills Limited (for short B.P.M.L.) a subsidiary to Bihar State Development Corporation Limited having their factory at Baijnathpur in the district of Saharsa entered into a contract with the said Company under the indenture of agreement of the above date to carry the consignment of B.P.M.L. after taking delivery from the docks on the arrival of the goods of the B.P.M.L. from