THE HONOURABLE SRI JUSTICE P. SWAROOP REDDY CRIMINAL PETITION NO.10572 OF 2009 ORDER: This Criminal petition under Section 482 Cr.P.C. is filed seeking to quash the proceedings in Cr.No.62 of 2009 of Mangapet Police Station, Warangal District, registered for the offence punishable under Section 420 IPC and Sections 4 and 6 of Prize, Chits and Money Circulation Scheme (Banning) Act. 2. Heard both sides. 3. The second respondent – de facto complainant present and the accused also present. Second respondent, in proof of his identity, filed his driving licence bearing No.DLFAP036210232009 issued by R.T.A., Warangal. The offence alleged is under Section 420 IPC. The allegation is that the petitioner has 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, the proceedings in Crime No.62 of 2009 on the file of Mangapet Police Station, Warangal District, against the petitioner are quashed. However, the police concerned are directed to investigate into the offence in general as the allegations in the complaint show that the petitioner is indulging in illegal activity like money circulation etc. 4. The Criminal Petition is accordingly allowed. ___________________ P. SWAROOP REDDY, J. 16th December 2009 Note: Communicate the copy to the Superintendent of Police, Warangal. B/o. Rns