ORDER :

1. The present Criminal Original Petition is filed under Section 482 Cr.P.C. on behalf of the petitioner company by one Shakti Kumar, [who is duly authorized to file the present petition by the Board of the petitioner-company vide Board of resolution dated 18.11.2014] to quash the complaint bearing C.C. No. 2726 of 2014 [filed under Sections 417, 418, 420, 406 and 422 read with 34 of the IPC] titled M/s Interlace India Pvt. Ltd. vs. Imatics Technologies Pvt. Ltd. pending before the learned XVIII Metropolitan Magistrate, Saidapet, Chennai together with the summoning order dated 30.04.2014.

2. Facts of the case as averred by the petitioner:

2.1 A company namely, Ahmedabad Janmarg Limited [hereinafter referred to as ‘AJL’] had floated a request for proposal for development, implementation, operation, maintenance of integrated Transit Management System for Bus Rapid Transit System for the city of Ahmedbad (hereinafter referred to as ‘project’). In consequence, GMV Sistemas SAU [for brevity ‘GMV’] a company, having office at Madrid Spain and Vayam Technologies Limited [in short ‘Vayam’] a company having registered office at Newdelhi, jointly presented a proposal dated 02.04.2010, a