1 WP-3371-10.sxw IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION Mhi WRIT PETITION NO. 3371 OF 2010 Mr. Banwarilal Sighanika .. Petitioner vs. The State of Maharashtra & Ors. Respondents Mr.A.M.Saraogi,Advocate, for the petitioner Mrs. M.R.Tidke, APP, for the respondent No.1 - State. Mr. Rajesh S.Patil, Advocate, for respondent No.2. CORAM: J.H.BHATIA,J. DATE : 8th March, 2011. P.C. 1. On a report lodged by the respondent No.2, N.M.Joshi Marg Police Station registered Crime No.376/2008. Later on, it was registered as C.R.No. 93/2008 with Economic Crime Branch under Sections 420, 409, 465, 468, 471 read with Sec. 34 of IPC. against the present petitioner and respondent Nos. 3 to 7. It appears that offence was allegedly committed in commercial dealings between the parties. The petitioner has filed this petition for quashing the said proceedings. It is pointed out by the learned Counsel for the parties that amicable settlement has taken place between the complainant/respondent No.2 and the present petitioner and accordingly a memorandum of understanding has been executed on 28.10.2010. As per the chart given in the said statement, amount of Rs.74 lakh 2 WP-3371-10.sxw has been paid by the petitioner to the respondent No.2. They have also agreed to withdraw all the allegations against the petitioner and other accused made before the police or Court, unconditionally. Learned Counsel for the respondent No. 2/complainant has no objection to quash the proceedings in view of the said settlement. 2. In view of the above circumstances, the petition is allowed in terms of prayer clause (a). Petition is disposed of. (J.H.BHATIA,J.)