1. The petitioner apprehends arrest at the hands of the respondent for a case registered by them for the alleged offences punishable under Sec.420 and 34 of IPC in Cr.No.150 of 2010 on a complaint lodged by M/s MINDLOGICX Infotech Limited (hereinafter referred to as Defacto-complainant).

2. The brief facts of the case are as follows:

M/s MINDLOGICX Infotech Limited of Bangalore/defacto-complainant herein was approached by the petitioner, who represented M/s SSAAFF Technology, promising to secure project funds and an assurance was also given by them for arranging a loan for Rs.20 crores against collateral security.

3. A Memorandum of understanding was also entered into between the Managing Director of MINDLOGICX Infotech Limited and M/s SSAAFF Technology, represented by the petitioner. A commission of 0.5% was to be paid by the defacto-complainant to the said Funding Company. Accordingly, the defacto-complainant paid a sum of Rs.10 lakhs by way of Demand Draft, dated 29.10.2009, in favour of the Funding company. One Thiagarajan of the Funding Company visited the defacto-complainant and the documents were sent to one Pachiappan, an Advocate representing as the legal adviser o