Criminal Misc. No. 53690-M of 2007 1 In the High Court of Punjab and Haryana, at Chandigarh. Criminal Misc. No. 53690-M of 2007 Date of Decision: 8.4.2010 M/s GE Countrywide Consumer Finance Limited …Petitioner Versus State of Punjab and Another …Respondents CORAM: HON’BLE MR. JUSTICE KANWALJIT SINGH AHLUWALIA. Present: Mr. Manish Jain, Advocate for the petitioner. Mr. J.S. Bhullar, Assistant Advocate General, Punjab, for respondent No.1. Mr. R.L. Sharma, Advocate for respondent No.2. Kanwaljit Singh Ahluwalia, J. (Oral) The petitioner has preferred the present petition under Section 482 Cr.P.C. seeking quashing of FIR No. 285 dated 20.10.2007 registered at Economic Offences Wing, Ludhiana, under Sections 406, 409 and 420 IPC. Learned counsel for the petitioner submits that the petitioner- company had advanced a loan to complainant/respondent No.2. As stated in the complaint, all the cheques were returned except a cheque for Rs.13,952/- which was encashed. Learned counsel further submits that without admitting the allegations, the petitioner-company is ready to compensate the petitioner for an amount of Rs.15,000/-. Criminal Misc. No. 53690-M of 2007 2 Learned counsel for complainant/respondent No.2 has no objection in case such an amount is paid. It is further submitted that as and when this amount is paid, the complainant will not pursue the aforesaid FIR. In view of the broad consensus arrived at between the parties, the petitioner is directed to deposit a sum of Rs.15,000/-, in the Court of Illaqa Magistrate, which shall be disbursed to the complainant. As and when the amount is disbursed to the complainant, the proceedings arising out of the aforesaid FIR shall stand dropped. With the observations made above, the petition is disposed of. (Kanwaljit Singh Ahluwalia) Judge April 8, 2010 “DK”