IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.3466 OF 2000. 1. Indocean Chase Capital Advisors Pvt.Ltd. 2. Anil Ahuja. 3. Bharat Kewalramani. ..Applicants. versus 1. Shamsunder Agarwal. 2. Ganviraj Savant. 3. Sanjay Shetty. 4. The State of Maharashtra. ..Respondents. .... Mr. S.S.Parab, for the Applicants. Mr. A.D.Shetty, for the Respondent No.1. Mr. Y.S.Shinde, APP, for the Respondent-State. .... CORAM CORAM CORAM : A.S.OKA, J. : A.S.OKA, J. : A.S.OKA, J. DATE DATE DATE : 22nd September 2008. : 22nd September 2008. : 22nd September 2008. ORAL ORAL ORAL JUDGMENT : JUDGMENT : JUDGMENT : 1. Heard the learned counsel appearing for the parties. The first respondent is the original complainant. The first respondent filed a private complaint against the applicants. Process was issued on the said private complaint for offences under section 420 read with section 120-B of the Indian Penal Code. The challenge in this application under section 482 of the Code of Criminal Procedure, 1973 (hereinafter referred to as ‘the said Code of 1973’) is to the said order by which the process was issued. The learned advocate appearing for the applicant and the learned : 2 : advocate appearing for the first respondent state that the dispute between the parties to the complaint has been amicably settled and the first respondent does not desire to prosecute the complaint. 2. From the averments made in the complaint and from the verification statement, I find that the dispute between the complainant and the accused arose out of a commercial transaction. Now, it is stated across the bar that all disputes have been amicably settled. 3. Therefore, a case is made out for quashing the complaint by exercising power under section 482 of the said Code of 1973. 4. Accordingly, rule is made absolute in terms of prayer clause (a). The complaint stands dismissed. (A.S.Oka, J)