a 29 % 20.01.2011 Present: Mr. Manish Sharma, Adv. for the petitioners. Mr. Arvind Gupta, APP for the State Mr. Parminder Singh Goindi, Adv. for respondent no.2 along with respondent no. 2 in person. + Cr!. M.A. 661/2011 * Allowed, subject to all justexceptions. Application stands disposed of. + Cr!. M.C. 152/2011 Respondent no. 2 had purchased a bus bearing no. DL1PB-3907 after obtaining loan from Ashok Leyland Finance Ltd., now merged with Indusind Bank Limited (for short hereafter referred to as the "Bank"). Loan amount taken. from the Bank was repayable in installments. Since respondent no. 2 committed default in payment of installments the bus, which was hypothecated with the Bank, was repossessed by the Bank through petitioners. On the complaint of respondent no.2, FIR in question was registered under Section 392 IPC. Respondent no. 2 had also filed a Suit for damages before the Additional Sessions Judge, Delhi. During the pendency of the said Suit respondent no. 2 has settled the matter with the Bank. He has paid a sum of Z3.50 lakhs to the Bank towards full and final settlement of all its claims. Detailed terms of settlement have been incorporated in the Memorandum of Understanding dated 20th October, 2010 photocopy whereof, has been annexed with the Signing Date:16.08.2024 17:03:05 Certify that the digital and physical file have been compared and the digital data is as per the physical file and no page is missing. Signature Not Verified petition as Annexure C (page nos. 21 to 23). In terms of the settlement, respondent no. 2, who is present in the Court, submits that he has no objection if the present FIR is quashed In view of settlement arrived at between the parties, in the larger interest, FIR No. 387/2004 under Section 392 IPC and consequent proceedings emanating therefrom are quashed. Petition is disposed of in the above terms. Dasti. A.K. PATHAK, J. JANUARY 20, 2011 ga I