ORDER

The 2nd respondent lodged the FIR alleging that the petitioner-accused No.6 and other accused who are the Directors of Shubhadrasi Chits (Karnataka) Private Limited, induced the 2nd respondent to invest in the chit fund, and in all invested a sum of Rs.5,10,000/-, and when he requested the petitioner and other accused for returning the money invested by him, the petitioner and other accused absconded and the premises in which the business was carried was locked.

2. It is further alleged that the said Private Limited Company is due crores of rupees to a large number of people. The police after investigation submitted the charge sheet against the petitioner and other accused for the offence punishable under Sections 406, 420, 120B r/w 34 of IPC and Section 76 r/w 79 of Chit Funds Act, 1982 and Sections 4 and 5 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Taking exception to the registration of FIR, this petition is filed.

3. Learned counsel for the petitioner submits that the petitioner/accused No.6 has been implicated only on the ground that she is the wife of accused No.2 who is allegedly to be the Director of the Chit fund company, and in the absence o