ORDER:

This Criminal Revision Case, under Sections 397 and 401 of the Code of Criminal Procedure, 1973 (for short, ‘Cr.P.C.’) is filed by the petitioner/complainant, challenging the order, dated 17.04.2017, passed in Crl.M.P.No.2016 of 2016 in C.C.No.88 of 2016 by the IV Special Magistrate at Hyderabad, whereby, the petition filed by the respondent Nos.1 to 3 herein/ accused Nos.5 to 7 under Section 251 read with 204 of Cr.P.C. to recall the notices and drop the proceedings against them in the subject C.C.No.88 of 2016, was allowed.

2. I have heard the submissions of learned counsel for the petitioner/complainant, learned counsel for the respondent Nos.1 to

3/accused Nos.5 to 7 and perused the record.

3. The facts of the case, in a nutshell, are as follows:

“The petitioner herein/complainant is a Company registered under the Companies Act, engaged in manufacture and sale of Air Conditioners and its accessories. Respondent Nos.1 to 3 herein are accused Nos. 5 to 7 in the subject C.C.No.88 of 2016, who are Directors of M/s.Servomax India Limited (arrayed as A1 in the subject C.C.No.88 of 2016.). On 11.01.2013, the A1 Company, being managed by accused Nos.2 to 7, expressed its willingness