( 1 ) THIS is an application under section 482 of the Code of Criminal Procedure for quashing the proceeding under sections 420/467/ 471/477a, Indian Penal Code read with section 120b and/or section 109/ 114 of Indian Penal Code being C-plaint Case no. 1483 of 1990 pending before the learned Metropolitan Magistrate, 12th court, Calcutta.

( 2 ) THE General Electric Company plc. London (hereinafter referred to as GEC plc.) is a well-known public Company incorporated in the United Kingdom having its registered office at 1, Stanhope Gate, London. It manufactures electronics, electrical and power generation apparatus and system. The General Electric Company of India Limited (hereinafter referred to as GECI) is one of the subsidiaries of GEC plc. in which GEC plc. holds 67% of its equity shares, registered in India under the Companies Act having its registered Office at Magnet House, 6 Chittaranjan Avenue, Calcutta. It manufactures sophisticated/high tech electrical equipment. Genelec Limited (hereinafter referred to as GL) was incorporated in Maharastra on 7th September, 1957 under the name 'hindoo Lighting Industries Pvt. Limited' which was changed to 'genelec Limited'