1. The petitioner is A-2 among 6 accused in C.C. No. 90 of 2004 on the file of Judicial Magistrate No. 1, Tirupur, for offences punishable under Sections 120-B, 409 and 420 I.P.C. A-1, A-3 and A-6 are her husband, brother and father respectively while A-4 is a Partner of one of the Firms involved viz. Anu Yarns, and A-5 is the co-brother of A1.

2. The accused were running four Concerns in the name of Shanthi Mills (P) Limited, Uma Maheswari Textiles, Anu Yarns and G.P.K. Apparels. petitioner/A-2 is one of the partners of Shanthi Mills (P) Limited. It is the case of the prosecution that on behalf of the Firms, the accused approached the complainant for purchase of cotton yarn and there were regular transactions between the complainant and the accused and during 2001 - 2002, goods worth Rs.1,90,00,000/-have been supplied. Though Rs.1,30,00,000/- have been received by the complainant, there was an outstanding of Rs.66,35,215/-. In spite of repeated reminders, the accused failed to pay the balance amount, resulting in filling of a complaint before the respondent police. On completion of the investigation, final report came to be filed before learned Judicial Magistrate-I, Tir