*1* IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL WRIT PETITION NO.2238 OF 2009 Hemant Madhusudan Sheth and others. ..Petitioners versus Mukul Amrutlal Sonawala and another. ..Respondents ....... Mr.R.D.Soni, Advocate i/b Dharam and Company, for the Petitioners. Ms.R.V.Newton, APP for the Respondent/State. Mr.Anil R. Mehta, Advocate for the Complainant. ........ CORAM : S. A. BOBDE, J. DATED : 27th August, 2009. P.C. : 1 This petition is made by the accused persons who are being prosecuted under Sections 379, 420, 465, 467, 468, 471 r/w 120-B of the Indian Penal Code in respect of certain transactions of shares. The Respondent No.1 is a share broker and the Petitioners were trading with him. In the course of transaction, the dispute arose between the parties in respect of bad delivery of shares which are said to have been returned with endorsement faked/forged/stolen. It, however, appears that the bad deliveries and the accounts were settled in between the Petitioners and the Respondent No.1 and loss said to have been suffered by the Respondent No. *2* 1 has been made good. However, it appears that barring one of Sections namely Section 420 of the Indian Penal Code, other offences are not compoundable. Hence, the Petitioners have filed this petition. 2 The Respondent No.1 has filed an affidavit dated 21.08.2009 stating that he has settled the dispute with the Petitioners and has no complaint, claim or demand against the Petitioners or any of them in respect of shares referred to in his First Information Report. He has further stated that he does not wish to prosecute his First Information Report. 3 The dispute between the parties is of private nature with which the society at large is not concerned. The dispute seems to have been settled between the parties and having regard to the law laid down by the Supreme Court in Madan Mohan Abbot Vs. State of Punjab [(2008) 4 SCC 582] and Jagdish Chanana and others Vs. State of Haryana and another (CDJ 2008 SC 659 in Criminal Appeal No.596/2008), I consider it appropriate in the interest of justice to allow the petition. Accordingly, Criminal Case No. 348/P of 2002 pending in the Court of the Additional Chief Metropolitan Magistrate, 19th Court, Esplanade, Mumbai is hereby quashed and set aside. 4 Order accordingly. (S. A. BOBDE, J.)