( 1 ) THE petitioner along with Amarjit Singh is facing trial for offences under Ss. 120b read with Ss. 420. 467, 468 and 471 Indian Penal Code. and also for substantive offencepunishable under Ss. 420 and 471 read with S. 467 Indian Penal Code. The charge sheet under S. 173 (2) of the Code of Criminal Procedure 1973 (for short the Code ) was filed on 29-5-1985 in. the Court of the. Chief Metropolitan Magistrate (for short the CMM ), during the pendency of the present petition which is under S. 439 of the Code.

( 2 ) AN F. I. R. being R. C. No. 1185 was registered on 1-3-1985 at 5. 00 P. M. against the petitioner and others under Ss. 120b, 420, 467, 468 and 471 Indian Penal Code. This was under S. 154 of the Code. It is mentioned in this F. I. R. that the petitioner, an Indian national, based in the U. K. (London) was the Managing Director of certain group companies and during the period 1982-1984 conspired with certain employees. namely, Ashish Banarjee and Rajender Kumar Batodia and certain officials of the Punjab National Bank, Union Bank of India and Central Bank of India and other institutions based in U. K. and some other countries to defraud these banks ins