IN THE HIGH COURT OF JUDICATURE AT PATNA Cr.Misc. No.28232 of 2008 1. M/s. Paramarth Agro Finance & Investment (India) Ltd. through its Principal Officer, namely, Binod Bihari Srivastava having its office at 312, Galaxy Apartment, PS Gandhi Maidan, Patna. 2. Binod Bihari Srivastava, son of Late Shri Bhuneshwari Prasad, resident of ‘Rain Basera’, New Area, Jakkanpur, Patna. 3. Amrendra Kumar Sinha, son of Sri Mahendra Prasad, resident of ‘Rain Basera’, New Area Jakkanpur, Patna, at present Flat No. 1-A, Guruwatika, Kailash Babu Street, Main Road, Ranchi. 4. Jyoti Srivastava, daughter of Sri Binod Bihari Srivastava, wife of Sri Amrendra Kumar Sinha, resident of ‘Rain Basera’, New Area, Jakkanpur, Patna, at present Flat No. 1-A, Guruwatika, Kailash Babu Street, Main Road, Ranchi. 5. Priti Srivastava, daughter of Shri Binod Bihari Srivastava, wife of Shri R. Gaurishankar, resident of ‘Rain Basera’, New Area Jakkanpur, Patna, at present Flat No. B-19, 10 Maitri Apartment, Jubilee Road, West Mumbalam, Chennai, Tamil Nadu. 6. Pankaj Sinha, son of Late Shri Narendra Narain Lal, resident of Rain Basera, New Area, Jakkanpur, PS Jakkanpur, Dist. Patna. 7. Shailendra Nath Singh, son of Shri Harendra Nath Singh, resident of Sita Saran Lane, PS Jakkanpur, District Patna – petitioners. Vs. 1. The State of Bihar, 2. Union of India through the Registrar of Companies, Bihar & Jharkhand having its office at Maurya Lok Complex, 4th Floor, ‘A’ Block, Dak Banglow Road, Patna – opp. parties. 4 15.2.2010 Heard the parties. This application has been filed for quashing the order, dated 12.12.2007 passed in Complaint Case No. 664©/2007 by the Presiding Officer, Special Court of Economic Offence, Patna by which cognizance for the offence under section 220(3) of the Companies Act, 1956 has been taken for an offence which has allegedly taken place between 31.3.1997 to 31.3.2006. During the pendency of this application, the petitioners as per the order of the Company Law Board have compounded the offence. The Board has passed an order, dated 19.5.2009 settling the dispute between the parties. In view of the fact that the offences are compoundable, there is no need to proceed further with this criminal proceeding and 2 as such the order, dated 12.12.2007 taking cognizance for the offence under section 220(3) of the Companies Act is hereby quashed. This application is, thus, allowed. haque (Sheema Ali Khan, J.)