ORDER

The petitioner is the 4th accused in C.C.No.744/2017 on the file of the Court of the Judicial First Class Magistrate-II, Thiruvananthapuram, which arises out of Crime No.1515/2015, registered by the Fort Police Station, Thiruvananthapuram, against the accused persons for allegedly committing the offences punishable under Sections 406 and 420 read with Section 34 of the Indian Penal Code (‘IPC’ in short).

2. The essence of the prosecution case is that, the accused 1 and 2, the Managing Director and Director of Kalpetta Jankshema Maruthi Chits Pvt. Ltd., Kalpetta, along with the 3^rd accused, the Branch Manager of the said company, had induced the defacto complainant to join a chitty conducted by the company for a total sala of Rs.10/- lakh and made him pay the first subscription on 19.03.2012. Even after the completion of the chitty, the accused did not pay the prized amount. Subsequently, the accused 2 to 4, as per the instruction of the 1^st accused, issued three cheques in favour of the 2^nd respondent. But the cheques were dishonored. Thus, the accused have committed the above offences.

3. Heard; the learned Counsel for the petitioner and the learned Public Prosecutor.

4. The lea