Crl. Misc.No.M 24519 of 2010 #1# IN THE HIGH COURT FOR THE STATES OF PUNJAB & HARYANA AT CHANDIGARH. Crl. Misc.No.M 24519 of 2010 Date of Decision:-15.12.2010 Jaswinder Pal Singh & Anr. ......Petitioners. Versus K.L. Kohli. ......Respondent. CORAM:- HON'BLE MR. JUSTICE JASWANT SINGH. Present:- Mr. S.S. Narula, Advocate for the Petitioners. None for the Respondent. *** JASWANT SINGH, J.(ORAL) Prayer under Section 482 Cr.PC is for quashing complaint no.152/1/2000 dated 8.8.2000 under Sections 109, 120-B, 403, 406, 409, 418, 420 and 477-A Indian Penal Code read with Section 17 and 23 of Securities Contracts(Regulation) Act, 1956, and all consequential proceedings arising therefrom. The petitioners are directors of M/s Net Shares Pvt. Ltd., which is authorised representative of M/s Manmohan Gandhi Shares and Stock Broker Pvt. Ltd., Kanpur and M/s MB Gandhi Shares and Stock Broker Pvt. Ltd., Kanpur for transacting share trading on their behalf. Complainant- respondent KL Kohli opened an account with the above said stock broker Crl. Misc.No.M 24519 of 2010 #2# and in the process of sale/purchase of shares he owned a sum of Rs.4,71,074.72 to the petitioners. Since he failed to discharge the said liability despite various notices, the shares held by him to the tune of Rs.3,27,689/- were adjusted against his outstanding dues, regarding which he was intimated vide registered letter dated 21.7.2000(P6). It is stated by learned counsel that thereafter the complainant firstly filed a complaint before Consumer Forum, Jalandhar, which stood dismissed vide order dated 29.11.2000. Thereafter complainant filed the present complaint in which petitioners have been summoned. It is also stated that besides filing a criminal complaint, the respondent has also filed a civil suit pertaining to the same transactions, which are subject matter of the aforesaid criminal complaint. After arguing for sometime, learned counsel for the petitioners seeks permission to withdraw the present petition at this stage. Dismissed as withdrawn. ( JASWANT SINGH ) JUDGE 15th December, 2010 Vinay