fTHE HON’BLE SRI JUSTICE R. SUBHASH REDDY Criminal Petition No.8238 of 2008 ORDER: 1 This petition under Section 482 of Cr.P.C is filed by the fourth accused in Cr.No.173 of 2008 on the file of P.S. Chillakur, Sri Potti Sreeramulu District seeking to quash the proceedings against him which was registered for the offence punishable under section 406 and 420 of IPC. 2 The accusation made against the petitioner in the aforesaid crime is that the accused 1 to 3 sold the property, which was mortgaged to A.P. State Cooperative Bank Limited without indicating the encumbrance over it to the other accused in the said crime. A.1 to A.3 filed Crl.P.No.8393 of 2008 and the purchasers of the land from A.1 to A.3 who stand on the same footing of the petitioner have filed Crl.P.No.8332 of 2008. I have perused the copies of the orders passed by this Court in Crl.P.Nos.3893 of 2008 and 8332 of 2008. The aforesaid petitions were allowed on the ground that the loan, which was taken from the second respondent Bank was cleared under One Time Settlement and the grievance of the second respondent is redressed in the said settlement. 3 Inasmuch as the loan of the second respondent has already been settled under One Time Settlement, and since the petitions filed by the accused 1 to 3 and other purchasers of the property in Crl.P.Nos.3893 of 2008 and 8332 of 2008 were allowed by this Court, the petitioner in the present petition who also stands on the same footing to that of the petitioners in those two petitions, the present petition also deserves to be allowed. 4 For the aforesaid reasons, this petition is allowed and the proceedings initiated in Cr.No.173 of 2008 on the file of P.S. Chillakur, Sri Potti Sreeramulu District against the petitioner are hereby quashed. ------------------------ R.Subhash Reddy, J. 19.10.2011 Kvsn