THE HON'BLE SRI JUSTICE B.N.RAO NALLA CRIMINAL PETITION No.12640 OF 2010 ORDER: This Criminal Petition under Section 482 Cr.P.C. is filed by the petitioners – A-1 and A-2 seeking to quash the proceedings against them in FIR No.425 of 2010 dated 01-12-2010 of Sultan Bazar Police Station, Hyderabad, registered for the offences under Sections 406, 409, 417, 420 and 423 IPC. 2. Heard both sides and perused the material available on record. 3. Based on the private complaint filed by respondent No.2 – complainant, E. Ramchander, against the petitioners for the alleged offences, the learned II Additional Chief Metropolitan Magistrate, Nampally, Hyderabad, referred the matter to the Police Station concerned for investigation and its report. 4. The allegations against the petitioners are that petitioner No.1, who is Chief Manager – cum – Authorised Officer of Canara Bank, Sultan Bazar, Hyderabad conducted auction of the property in dispute with defective title and respondent No.2 purchased the same in good faith but subsequently he came to know that the said property was already sold to a third party by petitioner No.1 and thus he committed misrepresentation, cheating, breach of trust and with dishonest and fraudulent intention executed deed of transfer with false statement etc. 5. Learned Additional Public Prosecutor reports that investigation in the matter is not yet completed and the same is in progress. 6. Considering the facts and circumstances of the case where there are serious allegations against the petitioners, who are officials of a Bank, this Court is of the view that it is not at all a fit case for quashing the impugned proceedings against them. 7. Therefore, the Criminal Petition is dismissed at the admission stage itself. __________________ B.N. RAO NALLA, J November 3, 2011. PV