1. According to the case of the prosecution, the petitioners who are directors of M/s. Ess Pee Dhatu Udyog, which is a company duly incorporated under the relevant provisions of the Companies Act, 1956 are stated to have indulged in the theft of electricity amounting to Rs.2,99,000,00/-.

2. The facts of the case are at page 39 of the petition which is the complaint made to the T.I of Police Station, Lodhikheda (M.P). In the said complaint, it is revealed that upon an inspection on 4.10.1998 at 4:00 a.m by the DIG (V & S) of the Madhya Pradesh Electricity Board, Jabalpur (M.P) the cables leading to the meter box are alleged to have been found tampered with and the insulation is shown as having being removed. Under the circumstances the Electricity Board arrived at the conclusion that electricity could be shorted from the line directly without passing through the meter. At page-40 is the assessment of the loss which prima facie appears to be speculative even as per the case of the prosecution itself in which the Electricity Board states that ^^mDr izdj.k esa yxHkx #i;s 2]99]00]000@& ¼2 djksM+ 99 yk[k dh pksjh gksus dk vuqeku gSA½-**

The quash of the proceedings of the petitioner