( 1 ) AS the factual aspects and points of law involved in these revisional applications are identical I intend to dispose of these three revisional applications by this common judgment and order.

( 2 ) BEFORE I enter into merits of the revisional applications, it would be fruitful to mention the facts of the case as disclosed in the petition of complaint filed by the opposite party M/s. Hindusthan Development Corporation Limited in the Court of the learned Chief Metropolitan Magistrate (CMM), Calcutta which was transferred to the Court of the learned Metropolitan Magistrate, 17th Court, Calcutta. In the petition of complaint the complainant arrayed nine accused persons out of which accused No. 1 is the company namely CRB Capital Markets Limited. Mr. Shubh Karan Jain was arrayed as accused No. 3 and Mr. Fateh Chand Bhansali was arrayed as accused No. 4 and Mrs. Manjula Bhansali was arrayed as accused No. 5 and the last three above named accused persons as petitioners have preferred the present revisional applications bearing Nos. 1071/99, 1001/99 and 1103/99 respectively for quashing of the criminal proceeding against them.

( 3 ) THE factual matrix as disclosed in