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IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
K.LAKSHMAN
N. Somasekhar Rao – Appellant
Versus
Central Bureau of Investigation, Economic Offences Wing, P.S.Chennai, represented By its Public Prosecutor – Respondent
ORDER :
K. Lakshman, J.
Heard Mr. G. Vidya Sagar, learned Senior Counsel representing Mr. Mamidi Avinash Reddy, learned counsel for the petitioner, Mr. Srinivas Kapatia, learned Special Public Prosecutor for CBI appearing for 1st respondent and M/s. Pearl Law Associates appearing for respondent No.2.
2. The present Criminal Petition is filed under Section – 482 of the Code of Criminal Procedure, 1973 (for short, ‘CrPC’) by the petitioner to quash the proceedings in C.C.No.44 of 2018 pending on the file of XXI Additional Chief Metropolitan Magistrate, Hyderabad arising out of FIR No.RC-7E/2016/CBI/EOW/Chennai, dated 29.09.2016 of CBI, EOW, Chennai. The petitioner herein is A.7 in C.C.No.44 of 2018. The offences alleged against the petitioner herein are punishable under Sections 120-B read with 420, 468 and 471 of IPC.
3. On 29.09.2016, Sri D.Ravindra Rao, Deputy General Manager, State Bank of India, Secunderabad Zone -2nd respondent, lodged a complaint with 1st respondent alleging that M/s Akshaya Ornaments Pvt.Ltd. (AOPL) - A.1 initially represented by A.2 – Managing Director and A.3 – Director, father and son, having its registered office at Mahalakshmi Gems and Jewels Mall. Chirag Al
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