ORDER

The revision petitioners are the accused 1 to 4 in CCB Crime No.258/2022 of Central Crime Branch, Chit & Kanthuvatti Wing, Team VII, Egmore, Chennai.

2. Arumugam, the 2nd respondent (defacto complainant)

lodged a complaint with the Inspector of Police Central Crime Branch, Chit & Kanthuvatti Wing, Team VII, Egmore, Chennai stating that the present petitioners are charging exorbitant rate of interest for the loan of Rs.1,70,00,000/- borrowed by him.

3. The case of the defacto complainant in nutshell is as follows:

(1)The defacto complainant is running a construction business in the name and style of M/s. Rajkham Housing and M/s.Rajkham Builders Private Limited and he is the Managing Director of the both the companies.

(2)Since the defacto complainant was in need of money, he borrowed a sum of Rs.1,70,00,000/- from the revision petitioners and also created a simple mortgage by deposit of title deed dated 20.01.2022 and the same was registered as document No.230/2022 dated 21.01.2022 on the file of the Sub Registrar Office, Kodambakkam.

(3)When the defacto complainant approached the revision petitioners/accused to redeem the mortgaged properties, they demanded a sum of Rs.40 lakhs towa