ORDER

1. This petition under section 482 of the CrPC has been filed by the petitioners seeking quashment of the order dated 3.6.2017 passed by learned JMFC, Bhopal whereby cognizance for an offence punishable under sections 409 read with section 120B of the IPC has been taken against the petitioners.

2. In this case it is not disputed that the respondent / complainant company has got franchise from petitioner No. 1 Company with regard to business of shoes and garments and the complainant company is operating its business at 21 places in India. Between petitioner No. 1 and the complainant company there was a dispute with regard to account of transactions which was settled amicably on 7.12.2015 and according to settlement in first step Rs. 2,97,00,000/- was to be paid by the respondent / company to petitioner No. 1 company and for the payment of the aforesaid amount, 22 post-dated cheques were given and the some disputes remained pending.

3. On behalf of the complainant / respondent a complaint has been filed before the JMFC, Bhopal on 22.11.2016 stating that out of the aforesaid 22 cheques, the amount of 10 cheques was paid to petitioner No. 1 Company through RTGS. There were changes