ORDER :

N.SESHASAYEE, J.

A1 in C.C.No.9825 of 2005 on the file of Additional Chief Metropolitan Magistrate Court, Egmore, has preferred this revision challenging an order dismissing his petition in Crl.M.P.No.6997 of 2020, filed U/s.239 Cr.P.C.

2. The quintessence of the prosecution case is that A1 to A8 and A9, the company whose affairs A1 and A2 presided as directors, are alleged to have committed offences U/s.406 and 420 I.P.C. The other relevant facts are:

a) A1 to A8 were the directors of certain financial institution known by the name Synergy Financial Exchange Limited (SFEL), A1 and A2 were also the directors of A9 Company. Both SFEL and A9 company were engaged in financial services of accepting deposits which inter alia included accepting deposits and advancing loans.

b) SFEL had gone into liquidation and today it has been fully liquidated.

c) According to prosecution, part of the funds of SFEL had been diverted by the directors of that company to A9 and this invited registration of a F.I.R. by the respondent/C.B.I.

3. The final report in this case has been laid, charges too have been framed against A1 to A8 for offence U/s.406 and 420 I.P.C. It is in this scenario, A1 had preferr