Case Facts:
IN THE HIGH COURT OF JUDICATURE AT PATNA Criminal Miscellaneous No.563 of 2012 ====================================================== 1. Mr. Sanjay Chamaria S/O Late Banwari Lal Chamaria Managing Director, Magma Fincorp Limited, Formerly, Magma Sharachi Finance Limited Registered Office,24, Park Street, Kolkata-700016 2. Mr. Paritosh Bhattacharya S/O Shanti Ranjan Bhattacharya Team Leader, Collection Department, 5 Th Floor, Maru Tower, Kanke Road, Ranchi. .... .... Petitioner/s Versus 1. The State Of Bihar 2. Manioj Prasad Gupta S/O Sri Dinanath Gupta Village & P.S.- Pratapur, District- Chatra, Jharkhand At Present - Village & P.S.- Dobhi, District- Gaya .... .... Opposite Party/s ====================================================== Appearance : For the Petitioner/s : Mr. Amresh Kumar Sinha, Adv. For the State : Mr. C. Sen Pd. Singh, A.P.P. For the Opposite Party No. 2 : Mr. Avinash Kumar, Adv. ====================================================== CORAM: HONOURABLE JUSTICE SMT. ANJANA PRAKASH ORAL ORDER 3. 27-07-2012 Heard learned counsel for the Petitioners and the State. The Petitioners seek quashing of the entire proceeding including the order dated 5.2.2011 passed by the Judicial Magistrate, 1st Class, Sherghati, in Complaint Case No. C 21 of 2011 by which he has taken cognizance under [STATUTE] . From the narrative of the Complaint petition, it appears that in course of commercial transaction between the parties, some differences arose between them on account of which Patna High Court Cr.Misc. No.563 of 2012 (3) dt.27-07-2012 2 / 2 2 the present Complaint was instituted. Notices were issued to the Opposite party No. 2 by this Court on the last occasion. A counter affidavit has been filed on behalf of the Opposite party No. 2 submitting therein that the matter has been compromised between the parties and a memorandum of understanding has been reached between them and all the grievances of the Complainant have been redressed. In view of such amicable settlement, the entire proceeding including the order dated 5.2.2011 passed by Sri S.K. Singh, Judicial Magistrate, 1st Class, Sherghatti, in Complaint Case No. C21 of 2011 is hereby quashed. The application stands allowed. S.Ali (Anjana Prakash, J.)

Applicable IPC Section: 506

Statute Text:
Section 506 of the Indian Penal Code. Criminal intimidation. Whoever commits the offence of criminal intimidation shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both; If threat be to cause death or grievous hurt, etc — and if the threat be to cause death or grievous hurt, or to cause the destruction of any property by fire, or to cause an offence punishable with death or imprisonment for life, of with imprisonment for a term which may extend to seven years, or to impute unchastity to a woman, shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both.