1. By consent of both sides, the matter is taken up for final hearing. The petition is filed seeking a direction to call for the records in Cr.No.735 of 2006 on the file of the respondent police and quash the same.

2. The brief facts of the case are as follows:
The petitioner was carrying on the business in Real Estate under the name and style of Nature Development Company. One of their projects relates to Farm House Plots to be developed in and around Sholinganallur village, Tamabram Taluk. The petitioner had arrangements with various land owners when the land value was Rs.7 lakhs per plot measuring about 4 grounds. One Sri G. Balachander, IAS approached the petitioner and represented that some of IAS officers and IPS officers were also interested in buying the Farm House. After negotiation, those persons, who are interested, were asked to remit Rs.25,000/- as advance payment by demand draft in the name of the Company. However, the 2nd respondent, who was an IAS Officer, paid only a sum of Rs.10,000/- and plot Nos.151 and 152 each measuring 4 grounds were earmarked for him. However, due to unforeseen development including the sudden spurt in real estate prices, the owners of the lan