Crl. Misc. No. M- 34241 of 2010 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Crl. Misc. No. M- 34241 of 2010 DATE OF DECISION: November 4, 2011 Aushma & another .....Petitioners VERSUS State of Punjab & another ....Respondents CORAM:- HON'BLE MR.JUSTICE RANJIT SINGH PRESENT: Mr. Vipul Dharmani, Advocate for the petitioners. Mr. Gaurav Garg Dhuriwala, DAG, Punjab, for the State. Mr. Naveen Batra, Advocate, for respondent No.2. **** RANJIT SINGH, J. The petitioners have filed this petition for quashing of FIR No.43 dated 17.5.2007 registered under Section 420 IPC,at Police Station Nangal, District Roopnagar, Punjab, on the basis of compromise. Copy of the compromise is annexed with the petition as Annexure P-2. An FIR was registered at the instance of respondent No.2-Rajesh Kumar, who is present in the Court. It is pleaded that during the pendency of this case, the respectables of the society have intervened and the petitioners and the complainant have entered into compromise. It is pleaded that respondent No.2 has received the money due to him because of certain financial deals Crl. Misc. No. M- 34241 of 2010 -2- which were finalized between the parties. It is a case where the FIR was lodged on account of inter se financial dispute between the parties, but now matter has been settled by way of compromise deed, which is dated 10.11.2010. The complainant has now stated that he does not wish to further pursue the FIR registered at his instance against the petitioners and now both the parties wishes to live in peace as good neighbours. Respondent No.2 while appearing before me has made a statement that he has compromised with the petitioners and would have no objection in case the present FIR registered at his instance is quashed. It is a case of inter se financial dispute arising out of some financial dealings, which has been compromised. Compromise in such like cases would always be good for society at large and should be encouraged. As per the Law laid down by the Full Bench of this Court in Kulwinder Singh and others Vs. State of Punjab and another, 2007 (3) RCR (Criminal) 1052, FIR in cases like this can be quashed on the basis of compromise to have good, orderly and peaceful co-existence in the society. Since the parties have reached compromise, no useful purpose would be served in allowing these criminal proceedings to continue. In view of above, the present petition is allowed. FIR No.43 dated 17.5.2007 registered under Section 420 IPC and all subsequent proceedings arising therefrom are hereby quashed. November 4, 2011 ( RANJIT SINGH ) monika JUDGE