1 494.11-apl-- IN THE HIGH COURT OF JUDICATURE AT BOMBAY. APPELLATE JURISDICTION. CRIMINAL APPLICATION NO. 494 OF 2011 WITH CRIMINAL APPLICATION NO. 495 OF 2011 Amit Bipin Shah and another. ... Applicant. V/s. The State of Maharashtra and another. ... Respondents. H.H. Ponda for the applicants. Ms.A.T. Jhaveri, APP for respondent No.1- State. P.D.Desai for respondent No.2. CORAM: B.R.GAVAI, J. DATED : 14th June 2011. P.C. : Rule. Rule is made returnable forthwith. Heard by consent of parties. 2. By the present applications, the applicants are praying for quashing of criminal proceedings arising out of C.R.Nos.46/2010 and 50/2010 respectively. 3. It appears that there was certain loan transactions between the applicant and M/s.Bajaj Finance Limited. On account of said loan transactions there appears to be some dispute between the parties which led 2 494.11-apl-- to filing of the aforesaid criminal complaints at the instance of respondent No.2- complainant who is an authorized officer of the said Bajaj Finance Limited. 4. It appears that the matter has been amicably settled between the parties. Memorandum of understanding between the parties is placed on record. An affidavit on behalf of respondent No.2 is also filed reiterating settlement between the parties. From the perusal of the complaint it would reveal that the allegations are totally personal in nature. There is no element of public law involved in the crime. In view of the law laid down by the Apex Court in the case of Madan Mohan Abbot v.. State of Punjab, (2008) 4 SCC 582, I find no purpose would be served by keeping the criminal proceedings pending. It can further be seen that even if the matter is permitted to go for trial, no fruitful purpose would be served, except burdening the Criminal Courts which are already overburdened. 5. In that view of the matter, I find that in the interests of justice the criminal proceedings are required to be quashed. However, at the same time, the costs need to be saddled on the parties for setting in motion the police machinery for settling their dispute. 6. Rule is, thus, made absolute in terms of prayer clause (a), however, subject to costs quantified in the sum of Rs.15,000/- in each application. Costs to be paid by the applicants by drawing demand draft in the name of Police Welfare Fund, Mumbai Police, Mumbai. The said demand draft be deposited with the office of the Public Prosecutor, High Court, Mumbai within a period of two weeks from today and receipt thereof be placed on the record of the present matters. (B.R.GAVAI, J.)