HON’BLE SRI JUSTICE N.R.L. NAGESWARA RAO CRIMINAL PETITION No.5608 of 2011 Date: July 13, 2011 Between: Kotha Suresh … Petitioner And 1. State of Andhra Pradesh, represented by the Public Prosecutor & another. … Respondents * * * HON’BLE SRI JUSTICE N.R.L. NAGESWARA RAO CRIMINAL PETITION No.5608 of 2011 O R D E R: Heard. 2. This application is filed to quash the proceedings in F.I.R. No.144 of 2011 on the file of the Koratla Police Station, which was registered on a private complaint. 3. The complaint is to the effect that the second respondent/complainant deposited Rs.5,000/- with the petitioner finance company as fixed deposit long time back with a condition that the petitioner would pay an amount of Rs.10,000/- after maturity i.e., 66 months.. After the maturity period, when the second respondent/complainant demanded the said amount, the petitioner/accused refused to pay the same and threatened with dire consequences stating that the finance office has been closed. 4. It is the contention of the learned counsel for the petitioner that the matter is purely of civil nature, but however it is to be verified as to whether there are any bona fides in closing the business or not and as to whether the alleged promise to repay was made with honest intention or dishonest intention. 5. Therefore, in view of the above circumstances, at this stage, it is not the case of quashing the F.I.R. But however, the arrest of the petitioner/accused is stayed till the completion of investigation. 6. The criminal petition is accordingly disposed of. ____________________________ N.R.L. NAGESWARA RAO, J Date: July 13, 2011. BSB