( 1 ) IN THE HIGH COURT OF JUDICATURE AT BOMBAY BENCH AT AURANGABAD CRIMINAL WRIT PETITION NO. 289 OF 2008 WITH CRIMINAL WRIT PETITION NO. 290 OF 2008 WITH CRIMINAL WRIT PETITION NO. 291 OF 2008 WITH CRIMINAL WRIT PETITION NO. 292 OF 2008 WITH CRIMINAL WRIT PETITION NO. 293 OF 2008 WITH CRIMINAL WRIT PETITION NO. 294 OF 2008 WITH CRIMINAL WRIT PETITION NO. 295 OF 2008 WITH CRIMINAL WRIT PETITION NO. 296 OF 2008 WITH CRIMINAL WRIT PETITION NO. 297 OF 2008 Sharp Industries Ltd and three others .. Petitioners Versus Videocon Industries Ltd and another .. Respondents Mr.Atul M.Karad,Advocate for the appellants. Mr.P.M.Shah Sr.Advocate,Instructed by Mr.S.P.Shah,Advocate for respondent NO.1 Mr.V.D.Rakh,APP for respondent No.2 CORAM : A.V.NIRGUDE,J. DATED : 18TH MARCH, 2010 PER COURT :- 1. The petitioners had filed similar Criminal Writ Petitions before this Court. At the stage of admission, my learned brother Justice OKA, after hearing extensively held that sanctioning of the scheme under Section 391 of the ( 2 ) Companies Act,1956 does not amount to compounding of an offence under section 138 read with section 141 of the Negotiable Instruments Act,1881 and that sanction would not have the effect of dismissal or termination of proceedings. Holding this, my learned brother dismissed the Writ Petitions. However, my learned brother also mentioned that the Judgment would not precluded the petitioners from filing separate petitions/applications invoking the section 482 of the Code of Criminal Procedure,1973 for quashing of the complaint and that all contentions in that behalf are expressly kept open. 2] Having regard to the Judgment of my learned brother Justice OKA,dated 14th August,2008 the present Writ Petitions stand dismissed and the petitioners are not precluded from filing separate applications invoking section 482 of the Code of Criminal Procedure for seeking quashing of pending complaints and all contentions in that behalf are expressly kept open. 3] In view of this, there shall be stay to the proceedings- Criminal cases for a period of 16 weeks from today. 4] The parties be given a copy of this order duly authenticated by the Court Shirastedar. Sd/- [A.V.NIRGUDE,J.] MTK ( 3 )