HON'BLE SRI JUSTICE RAJA ELANGO CRIMINAL PETITION No.12358 of 2011 ORDER: This criminal petition is filed by the petitioners-accused Nos.2 and 7, under Section 482 Cr.P.C., seeking to quash the proceedings in Special S.C.No.1 of 2010 on the file of the District and Sessions Judge, Kadapa, for the offences punishable under Section 420 of IPC, Sections 3, 5(2), 6 of the A.P. Money Circulation Schemes (Prohibition) Act, Section 5 of the A.P. Protection of Depositors of Financial Establishments Act and 74 of the Income Tax Act. Heard both sides. When the matter is taken up for hearing today, the petitioners and the 2nd respondent-complainant are present. It is reported by the complainant that the matter is settled out of Court between him and the petitioners-accused at the intervention of elders and a Memorandum of Understanding was entered into between them and the complainant also filed an affidavit to that effect. He further submitted that this Court has already quashed the proceedings in so far as other accused in respect of the very same crime vide orders dated 14.7.2009 and 10.11.2011 in Cr.P.Nos.8732 of 2008 and 11192 of 2011 respectively. As the alleged offences are punishable under Sections 420 of IPC, 3, 5(2), 6 of the A.P. Money Circulation Schemes (Prohibition) Act, 5 of the A.P. Protection of Depositors of Financial Establishments Act and 74 of the Income Tax Act and as the matter is settled between the parties, they prayed for compounding the offences in terms of the Memorandum of Understanding entered into between them. Accordingly, the Criminal Petition is allowed and the proceedings initiated against the petitioners herein in Special S.C.No.1 of 2010 on the file of the District and Sessions Judge, Kadapa, are hereby quashed. __________________ RAJA ELANGO, J 30th November, 2011 cbs HON’BLE SRI JUSTICE RAJA ELANGO CRIMINAL PETITION No.12358 of 2011 (Allowed) 30th November, 2011 cbs