S.C. Malte, J. (Oral) - Both these petitions are being disposed of by this common order as the same have arisen out of proceedings in a complaint case.

2. The petitioners have sought quashing of the complaint and the summoning order issued by the Sub-Divisional Judicial Magistrate, Kharar, for the offences under Sections 403, 406, 418, 427 read with 120-B of the Indian Penal Code.

3. The complainant/respondents are the Companies incorporated under the Companies Act. The petitioners, who are 37 in number, consist of M/s. Philips Electronics and their Chairman and Directors, in all 16, who all are shown to be residents of Netherlands. Accused 18, is a Company having office at Mohali, District Ropar, Punjab. Accused 19 is the Chairman of accused 18. Accused 20 to 23 are also the office-bearers of accused 18 M/s. Punjab Anand Lamp Industries Ltd. Accused 24 is Philips India Limited, which was known as Peico Electronics & Electricals Limited. Accused 25 is said to be the Chairman, without clarifying of what concern or institution he is the Chairman of. Accused 26 to 37 are the Directors of M/s. Philips India Limited (accused 24).

4. The contention raised by the complaints is tha