D.P. Singh, J.

1. Heard both sides at length.

2. The present criminal miscellaneous petition has been preferred by Gulf Oil Corporation Ltd. and others connected with the affairs of the said Firm against order dated 8.8.2007 by the Judicial Magistrate, 1 st Class, Jamshedpur in Complaint Case No. 421 of 2007 under Section 420 of the Indian Penal Code against them.

3 Brief facts in short leading to this petition are that the opposite party No. 2, M/s S.N. Ghosh was appointed as (C & F) Agent for clearance and distribution of the products of Gulf Oil Corporation Ltd. for M/s R.M. Autolube and M/s S.N. Ghosh and Company having its offices at Kolkata and Jamshedpur, for the town of Jamshedpur and Ranchi on 1.11.1998 in furtherance of the terms and agreement dated 14.8.1998. According to the complainant, he developed the business of the petitioner-Company to flourish. However, the accounts showing the deposit of cheques sent towards payment of supply of goods by the petitioner was not properly maintained with intention to deprive the right of the opposite party No. 2 as (C & F) Agent of the Company. It has further been stated in the complaint petition that later on false pretex