IN THE HIGH COURT OF JUDICATURE AT PATNA Cr.Misc. No.10579 of 2006 1. MANAGING DIRECTOR,LLOYDS FINANCE LTD. THROUGH MD, PANKAJ DESAI, 2ND FLOOR, V.I. HOUSE, MELLOW ROAD, MASJID BANDER, MUMBAI. 2. BRANCH MANAGER, LIOYDS FINANCE LIMITED, 1ST FLOOR, III JAGAT TRADE CENTRE, FRAZAER ROAD, PATNA. Versus 1. THE STATE OF BIHAR & 2. SHRI SUDHIR PRASAD, CHANDMARI ROAD, NEAR CEMENT PIPE FACTORY, LOHIANAGAR, KANKARBAGH, PATNA. ----------- 3 25.3.2010. Heard learned counsel for the parties. Petitioners who are Managing director and Branch manager of the Non banking financial company, incorporated under the Companies Act, have come to this Court for quashing the entire criminal proceedings arising out of Complaint case no. 1833C of 2003 including order dated 27.1.2006 taking cognizance of offence against the petitioners under sections 420 and 409 of the I.P.C. Learned counsel for the petitioners has filed suppl. affidavit stating that Opp.party no. 2 has already been paid the entire principal amount in accordance with the order passed by the Hon'ble Bombay High Court in Company petition No. 1017 of 2002 and the aforesaid payment has been received by the Opp. party no. 2 with the stipulation that the payment of the interest shall abide by the decision of the Hon'ble Bombay High Court in the aforesaid case. Learned counsel further submits that in many similar cases in view of settlement arrived at between the parties, this Court quashed the criminal proceedings. In the similar facts and circumstances of the case, this - 2 - Court has quashed quite a few criminal prosecution, as such, continuance of criminal prosecution will serve no purpose. In that view of the matter, criminal prosecution arising out of Complaint case no. 1833C of 2003 including order dated 27.1.2006 is quashed. The instant petition stands allowed in the aforesaid terms. Shashi. (Samarendra Pratap Singh,J.)