1. The petitioners have filed this petition under Sec. 438 of the Criminal P. C. 1973 (for short the Code) for a direction that in the event of their arrest, they be released on bail. It is not necessary to give all the allegations mentioned in the petition. Suffice it to say that as appears from the petition and the reply filed on behalf of respondent No. 3, a criminal case has been registered in Central Crime Branch. Madras 8, vide First Information Report No. 130 of 1983 against the petitioners and others. The petitioners had applied for anticipatory bail before the Additional Sessions Judge, Delhi, who vide his order dt. May 10, 1983, granted bail, subject to the condition that they would get the bail confirmed from the Court of competent jurisdiction within one month from that day. Thereafter the present petition was filed in this Court.

2. During arguments, question arose, whether this Court is competent to grant anticipatory bail to the petitioners against whom a case has been registered at Madras at the instance of M/s. Tractor and Farm Equipment Ltd. Madras. The brief facts of that case according to a copy of the complaint filed with the return, are that 19 tractor