JUDGMENT

The 1st petitioner in all these petitions is ‘RCI Industries and Technologies Ltd’ (RCI Ltd.), a company having its registered office in Delhi. The petitioners 2 and 3 in these cases are the Managing Director and Director respectively, of the 1st accused company. They have preferred these petitions under Section 482 of the Code of Criminal Procedure (“Code” for the sake of brevity) challenging Annexure-A1 complaint filed by the South Indian Bank Ltd. (SIB Ltd.), Department of Trade Finance Centralised Processing Centre, Ernakulam before the Judicial Magistrate of the First Class-III, Ernakulam under Section 28 (1) of the Payment and Settlement Systems Act, 2007 (“the PSS Act, 2007” for brevity).

2. As the legal issues and contentions raised in all these petitions are identical, the assertions and contentions in Crl. M.C. No.2555 of 2022 shall be adverted to, for the disposal of these petitions.

3. The allegations in the complaint in brief are as under:

(a) RCI Ltd. is a company engaged in industrial material manufacturing. The accused Nos.2 and 3 are the Managing Director and Director, respectively, and they are the persons in charge of and are responsible to the 1st a