This criminal revision petition has been filed to set aside the order dated 21.07.2016 in Crl.M.P.No.1255 of 2016 in C.C.No.3186 of 2007 passed by the Additional Chief Metropolitan Magistrate, Egmore @ Chennai and discharge the petitioner.

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

A1 and A2 are private limited companies promoted by A3 and A4 and these companies were engaged in the manufacture of self-closing values and design pressure regulators for LPG Cylinders. These items were manufactured to supply to three Oil Companies namely IOC, BCL & HPCL based on their purchase orders. The companies availed the facility from the Indian Overseas Bank viz., Supply Bills Purchase facility to the tune of Rs.65 lakhs each for A1 and A2 companies, for which, A1 and A2 had to produce the bills raised on the oil companies supported with lorry receipts and inspection certificate of Bureau of India Standard and a covering letter. Further, during the period from April 2003 to October 2003, out of 93 bills discounted for M/s.Intech Engineering (A1) Company and only 35 Bills were realised and payments for remaining 58 Bills were not received by the bank and out of 59 bills purch