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2010 Supreme(Mad) 5056

G.M.AKBAR ALI
Gajapathy Rajan – Appellant
Versus
State By The Inspector of Police – Respondent


Advocates Appeared:
For the Petitioners:R. Shanmugasundaram, Senior Counsel for Tha. Sirish Chowdhary, A. Mohamed Ali, Advocates.
For the Respondents:R1 - Hasan Mohamed Jinnah, APP, R2 - K. Sukumaran for J. Suresh, Advocates.

Judgment :-

1. The petitions are filed seeking a direction to call for the records pertaining to the cases in Cr Nos.155/2010, 32 of 2009, on the file of the 1st respondent and quash the same.

2. The petitioners in all these petitions are the accused in two complaints given by the respondents/defacto-complainants before the 1st respondent Inspector of Police, Central Crime Branch, Egmore. For convenience sake, the petitioners in all these petitions are mentioned as petitioners and the 2nd respondent in all these petitions are mentioned as complainants.

3. One M/s N.S Investments availed a loan from the Bank in 1989. On 31.5.1995, M/s Blue Jaggers Estate Private Limited took over the liability of M/s N.S. Investments. A No due certificate was issued by M/s N.S. Investments. While taking over the liability of N.S Investments, the Indian Bank, the creditor of the proprietary firm promised and represented that they will sanction a loan of Rs.2 crores to the Blue Jaggers Estate Private Limited. Therefore, the complainant, who is the Managing Director of Blue Jaggers handed over title deeds pertaining to the layouts of various places. However, the bank sanctioned only a sum of Rs.10,00,00






















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