( 1 ) KANWAR Deep Singh, Managing Director of a Company named and styled as M/s. Tubrao Infotech and Industries Ltd. , a Public Limited Company under the Companies Act, 1956, filed separate applications under Section 482 of the Code of Criminal Procedure, 1973 praying for quashing of the F. I. R as well as investigational proceedings in all these six cases, five of which were started on the basis of private complaints and one was started by the Police suo motu, mainly on the ground that no case was made out in the F. I. R. and the allegation of cheating, breach of trust, etc. are without any basis and that there is no reason to investigate the case inasmuch as a separate complaint has been filed by the Security Exchange Board of India (hereinafter referred to as SEBI for brevity) under Section 56 (3), 63 and 68 of the Companies Act, 1956 and it is still pending before the Court of the learned Chief Judicial Magistrate, Calcutta. In all these cases, the opposite party/state appeared and made their respective submissions alleging that a prima facie case under Sections 420/406/468/471/421/120b of the Indian Penal Code having been established, the extraordinary power