THE HON’BLE SRI JUSTICE B. CHANDRA KUMAR Criminal Petition No. 1273 of 2010 Order: This Criminal Petition, under Section 482 Cr.P.C., is filed by the petitioners/A1 to A4 seeking to quash the proceedings in Crime No. 79 of 2009 of Kesamudram Police Station, Warangal District, registered for the offences punishable under Section 420 IPC and 4 and 6 of the Prize, Chits and Money Circulation Scheme (Banning) Act, 1973. The second respondent/de facto complainant and the petitioners/A1 to A4 are present. The offence alleged is under Section 420 IPC. The allegation is that the petitioners have promoted a company and collected money as security deposit from the complainant promising to give employment and pay salary and thereafter, not paid as agreed. The offence under Section 420 IPC is compoundable and the parties report that the matter is settled out of Court. In the circumstances, the proceedings in Crime No. 79 of 2009 of Kesamudram Police Station, Warangal District, against the petitioners/A1 to A4 are quashed as far as the de facto complainant is concerned. However, the police concerned are directed to investigate into the offence in general as the allegations in the complaint show that the petitioners are indulging in illegal activity like money circulation etc., and this order does not come in the way of police to register a fresh case and/or make further investigation if the statement of any other victim disclose a cognizable offence against the accused. Subject to above observation, the Criminal Petition is allowed. ______________________ B. CHANDRA KUMAR, J. Date: 16.02.2010 Nsr