1. These seven petitions are directed against the order of the learned Metropolitan Magistrate dated 27th September, 2008, whereby the petitioners have been summoned to face trial under Section 415/409/34/120B of IPC, on a complaint filed by the respondent. The petitioner in Crl.M.C. No. 1892/2009 is a company India Infoline Limited. Petitioner in Crl.M.C. No.819/2009 is the Managing Director of the company, petitioner in Crl.M.C. No. 801/2009 is the Secretary of the company and the petitioners in other cases are the Directors of India Infoline Ltd.

2. A complaint alleging commission of offences under Section 406/409/420/477A/34/120B IPC was filed by the respondent against the petitioners.

It was alleged in the complaint that the respondent/complainant opened a Demat account with accused No.1-India Infoline Ltd. on 11th September, 2007 and placed orders from time to time for purchase of shares and also made payments, from time to time, against its running account with the company. The accused company claimed that there was an outstanding debit of Rs.10.48 crores against the complainant, in its Demat account with it. Accused No. 1 was having lien on 20,46,195 shares pur