1. Second respondent filed a private complaint against the petitioners and others alleging that the accused who entered into an agreement on 20-1-1995 to purchase a Multi - layer coated boards manufacturing, machine for Rs. 380.00 lakhs on ex - works basis, took bank guarantees and post - dated cheques as security for due performance of the contract, and that as per the terms agreed between them those bank guarantees and post - dated cheques have to be returned on pro - rata basis on the basis of the supplies made and even after it supplied the machinery worth Rs. 380.00 lakhs, the accused who paid the price of Rs. 380 lakhs, as agreed, had, with a view to defraud it, presented some