1. The complainant in a private complaint is the petitioner. In this Revision Petition filed under Section 397 and 401 Cr.P.C., challenge is made to the order dated 08.04.2008 in M.P.No.1853 of 2008 passed by the XXIII Metropolitan Magistrate, Saidapet, Chennai-15 dismissing the private complaint filed by the petitioner. The respondents were shown as the accused in the private complaint, wherein, the petitioner made a prayer to take the complaint on the file alleging that the respondents/accused committed an offence punishable under Sections 403, 406, 420, 423, 506(ii) read with Sections 34 and 109 IPC.

2. The case of the complainant is that he is the owner of the property at K.K.Nagar, having purchased the same by a Registered Sale Deed dated 20.01.1988 and he constructed a superstructure by availing house building advance from his employer- Tamil Nadu Housing Board and created mortgage in favour of the Board to secure the loan. The mortgage was duly registered in Document No.1304/1989. It is further stated that the complainant borrowed a sum of Rs.3.25 lakhs from the first respondent/first accused on various dates.

3. It is further stated that the petitioner had divorc