ORDER :

PRAYER : Criminal Original Petitions filed under Section 482 of the Criminal Procedure Code seeking the quashing of E.O.C.C.No.136 of 2010 filed against the petitioners.

The petitioners in the above criminal original petitions have been arrayed as third and sixth accused respectively in the original E.O.C.C.No.14 of 2001. After the case was split up against certain accused, the case was assigned number viz., E.O.C.C.No.136 of 2010, wherein they had been arrayed as first and second accused respectively. The complaint was filed by the respondent herein for the offences under Sections 45QA, 58B (4AAA) & 58C of the Reserve Bank of India Act, 1934 against M/s.Kreast Finlease Ltd., and its Directors.

2. The allegations in the complaint are that M/s.Kreast Finlease Ltd., and its Directors failed to comply with the orders passed by the Company Law Board dated 28.04.1998, 22.06.1998, 23.07.1998, 05.10.1998 and 01.12.1998 directing the first accused / Company to repay the depositors in accordance with the terms and conditions set out in the said orders which were passed on the applications filed by several depositors. Three accused had participated and represented the Company in the pro