Rs.1,30,00,000/- respectively. These two flats were sold at an undervalued price. The sale proceeds of Rs.2,75,00,000/- were deposited in the firm's bank account. Between 22.03.2012 and 31.03.2012, amount of Rs.2,40,00,000I- was transferred by defendants No.1 and 6 from the bank account of plaintiff No.1, partly into two personal accounts of defendant No.1 and partly in the new joint bank account held by the defendant No.1 and defendant No.6. It is further alleged that between 11,04.2010 and 13.04.2010, a sum of Rs.50,00,000/- of plaintiff No.1 was illegally transferred from the plaintiff No.1's bank account to the joint account of defendants No.1 and 6. This was subsequently transferred to the bank account of one Ketki Developers, a partnership firm in which the defendants No.2 and 3 were partners. On 12.04.2012, plaintiff No.4 lodged a complaint against defendants No.1 and 6. In pursuance thereof, Matunga Police Station registered F.I.R. No.59 of 2012 against defendants No.1 and 6 as also defendants No.2 to 5 on 14.06.2012 under Sections 380, 406, 420, 467 read with 120-B Indian Penal Code, 1860 (for short 'l.P.C.'). Defendants No.1 and 6 had filed anticipatory bail applications. Anticipatory bail application of defendant No.1 was rejected. Anticipatory bail application of defendant No.6 was allowed. Defendant No.1 was arrested and produced before the Additional Chief Metropolitan Magistrate, 37th Court Esplanade on 15.09.2012. He was remanded to police custody till 26.09.2012.