THE HON’BLE SRI JUSTICE R.KANTHA RAO. CRL. PETITION No. 1044 of 2009. ORDER: This criminal petition is filed under Section 482 Cr.P.C. seeking to quash the FIR.No. 36 of 2009 of P.S. IV Town Police Station, Visakhapatanm. The 2nd respondent filed a complaint on 22.1.2009 before the SHO IV Town Police Station, Visakhapatnam against the petitioner and basing on the said complaint, the 1st respondent registered a case in Cr.No. 36 of 2009 under Section 420 IPC. The grievance of the petitioner is that he was the Managing Director of Anantha Madhava Agro Tech Limited, Visakhapatnam and the said company was liquidated and the matter is pending before the Company Court and therefore the police cannot investigate into the complaint lodged by the 2nd respondent. A perusal of the complaint goes to show that the petitioner is the owner of the above company and he received lakhs of rupees from various persons, including the 2nd respondent towards deposits and though the amounts have been matured to be paid, he is not paying the amounts. The allegations in the complaint clearly attracts the provisions of Section 420 IPC and pendency of liquidation proceedings before the Company Court does not entitle the petitioner to seek quashing of a cognizable offence, which is under investigation. This Court is not supposed to stall the process of investigation of a congnizable offence. I see no grounds in the criminal petition and dismiss the same. _______________________ R. KANTHA RAO, J 09.12.2010. KRB. THE HON’BLE SRI JUSTICE R.KANTHA RAO. CRL. PETITION No. 1044 of 2009. ORDER: Dt. 09.12.2010.