( 1 ) THE present three applicants have taken out this Judges summons praying for an order that hearing of Case No. 374 of 1982 filed in the Court of the learned Additional Chief Metropolitan Magistrate 37 Court Esplanade Bombay be stayed. The application is filed against opponent No. 1 who is the original complainant in the said criminal case and also against opponent No. 2 which is the Court Committee appointed by this Court in the Case of Divya Vasundhara Financiers Private Limited Ahmedabad.

( 2 ) IN order to appreciate the grievance of the applicant it is necessary to note a few introductory facts leading to the present application. Opponent No. 2 - Divya Vasundhara Financiers Private Limited which is a private limited Company was floated with fixed capital of Rs. 1 lac divided into 1000 ordinary shares of Rs. 100. 00 each. Its object was to promote a scheme of chit fund and savings amongst others. It appears that the Company had accepted deposits from the public under different schemes. The Company gave advances against industrial and residential properties. After some time the Company ran into difficulties somewhere in April 1977. At that time the public de