( 1 ) THE petitioners, 30 in number, have filed this petition under Article 227 of the Constitution of India read with Section 482 of the Code of Criminal Procedure (Code for short) for quashing the orders of the Central Bureau of Investigation (CBI for short) directing the various banks, financial Institutions and Post offices with which the petitioners have their respective accounts, to freeze those accounts. The CBI claims to have exercised such powers under Section 102 of the Code. The brief facts necessary for the disposal of this petition are that petitioners 1 and 4-who are brothers have been doing business of the manufacture and sale of phosphate fertilizers in Punjab. Initially they started this business in partnership with four others (not parties to the present petition) under the name and style of M/s Punjab Fertilizers and Pesticide Industries (PFPI for short) with its registered office at Amritsar. The firm continued its business upto 8. 6. 83 when it was dissolved and business taken over by a Private Limited Company known as the Punjab Phosphates (P) Ltd. (PPPL for short) again with its registered office at Amritsar. Petitioner No. I claims to be its M