JUDGMENT

S. K. Panigrahi, J. - In the present application, the petitioner seeks to challenge the criminal proceeding vide CT Case No.14/2018 and I.A. No.3/2019 in relation to EOW Bhubaneswar P.S. Case No.17/2018, pending before the court of the learned Presiding Officer, Designated Court, under the O.P.I.D. Act, Cuttack for the offences punishable under Sections 420/406/467/ 468/471/120-B of the I.P.C. read with Section 6 of the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011.

2. The succinct facts of the case as narrated by the informant is that in November 2012, he was apprised about the availability of a 2400 sq.ft. plot in Jatani Tehsil near IIT through an advertisement issued by M/s. Z-Infra Construction Pvt. Ltd. (hereinafter 'Company'). He then contacted Prasan Kumar Patra (hereinafter 'co-accused'), MD of the Company to purchase the aforementioned plot. The co-accused assured the informant of absolute right and title of the land after conversion of the plot in question, and construction of a peripheral wall with an accessible road attached to the said plot. The co-accused also allegedly represented that the land belonged to the Company; th