- 1 - IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL CRIMINAL CRIMINAL APPELLATE JURISDICTION APPELLATE JURISDICTION APPELLATE JURISDICTION CRIMINAL CRIMINAL CRIMINAL APPLICATION NO.2457 OF 2008 APPLICATION NO.2457 OF 2008 APPLICATION NO.2457 OF 2008 Ms Soumitra A. Wadekar & Ors. ...Applicants vs. State of Maharashtra & Anr. ...Respondents Mr.Rajiv Singh with Ms Aparna Ashtivkar for the applicants Mr.J.P.Yagnik A.P.P. for State Mr.Ashish Fundkar i/b Mr.R.Satyanarayanan for Respondent No.2. CORAM: CORAM: CORAM: A.S.OKA,J. A.S.OKA,J. A.S.OKA,J. DATE DATE DATE : JULY 31,2008 : JULY 31,2008 : JULY 31,2008 P.C.: P.C.: P.C.: 1. Rule. Advocate for Respondent No.2 waives service. The learned A.P.P. waives service for Respondent No.1. 2. The petitioners have been arraigned as accused in a case where the allegations were made of commission of offences under sections 465, 467, 420 read with section 34 of the Indian Penal Code. 3. F.I.R. was lodged by a Senior Manager of the second Respondent-company. The prayer in this application under section 482 of the Code of Criminal Procedure,1973 is for quashing the proceeding of the criminal case on the ground that there has been a settlement between the parties. The learned counsel for the second Respondent states that there has been a compromise between the parties and all disputes - 2 - have come to an end. The second respondent has submitted to the orders of this court. The learned A.P.P. pointed out that the first informant is one Shri Vishnu A. Mule and he is not impleaded as a party. Perusal of the F.I.R and the statement of the first informant shows that he had set the criminal law in motion, in his capacity as the Senior Manager of the second respondent company. Perusal of the F.I.R shows that a dispute arising out of a commercial transaction led to the filing of the F.I.R. Now, there is a complete settlement between the parties and the learned counsel for the second respondent-company has supported the application. 4. Considering the nature of the allegations made in the F.I.R, in the light of the subsequent settlement between the parties, continuation of the criminal proceedings will not serve any purpose. This is a fit case for exercising power under section 482 of the said Code for quashing the proceedings. 5. Accordingly, rule is made absolute in terms of prayer clause (a). JUDGE JUDGE JUDGE