IN THE HIGH COURT OF JUDICATURE AT PATNA Cr.Misc. No.12302 of 2005 1. LIOYDS FINANCE LTD.THRU. PANKAJ DESAI, MUMBAI 2. PANKAJ DESAI, MD, LLOYDS FINANCE LTD, MUMBAI & 3. VIJAY KUMAR SINGH, BRANCH MANAGER, LLOYDS FINANCE LTD., PATNA. VERSUS 1. STATE OF BIHAR & 2. PRIYA RANJAN, RAJ BHAWAN, B.G.CAMP, SACHIWALAY, PATNA ----------- 4 08.01.2010. Heard learned counsel for the petitioners, no one appears for opposite party number 2 in spite of valid notice. Petitioners have come to this court for quashing order dated 20.08. 20002, passed by Judicial Magistrate, Ist class, Patna in Complaint case no. 977C of 2002 by which he has taken cognizance against the petitioners for offences under sections 406 and 420 of the Penal Code and further to quash the entire criminal proceedings pending against them on the allegations that they did not pay the maturity value of their sum deposited with their (petitioners) banking company. Learned counsel for the petitioners submits that the maturity value of deposits made by opp parties have already been paid, which would be evident from Memorandum of Understanding annexed with the supl affidavit dated 8.1.2010. Learned counsel further submits that in several similar cases this Court has quashed criminal prosecution on payment of proceeds of deposits by bankers/financial institutions. In view of averments made on behalf of petitioners in supl affidavit, order taking cognizance dated 20.08.2002 is quashed and proceedings launched in Complaint case no. 977C of 2002 is dropped. Shashi. (Samarendra Pratap Singh,J.)