Case: Swapnil Prajapati and Ors Vs. Sagar Suresh Katkar and Ors

2. The brief facts of the present case are as under:-The Petitioners herein were either the Directors and/or employees of a company namely M/s. High Brow Market Research Investment Advisor Pvt. Ltd., at some time or the other. The Respondent No.1 is the First Informant as whose instance the FIR in question was registered.3. It is the case of the Petitioners that the Petitioner Nos.1 and 3 were Directors of the said Company from the period 26/12/2011 to 01/07/2017 and thereafter they resigned. The Petitioner No.5, was an employee of the Company and had absolutely no role to play in the day to day affairs of the Company and /or conduct of it, as such the Petitioners did not have any role in the transactions, which took place between Respondent No.1 and the Company.4. It is the case of the Petitioners that on 30/05/2019 Respondent No.1 lodged a police complaint alleging therein that because of misrepresentation of the accused persons named in the FIR, the Informant had invested huge amount in their bogus schemes and thereby he had been cheated by the petitioners. Thereupon the Petitioners have filed this petition to quash the FIR in question.

Reasoning:
7. After going through the FIR, it is clear that the nature of allegations are of commercial nature and no public element is involved. As the dispute between the parties, has resolved and the Informant has received the amount agreed to be paid by the Petitioners in view of the consent terms dated 14/02/2020, we are of the opinion that no purpose would be served even if the trial is allowed to continue.8. In these circumstances, and especially, in view of the law laid down by the Apex Court in the case of Madan Mohan Abbot vs. State of Punjab, [(2008) 4 SCC 582] , we find that no purpose would be served by keeping the criminal proceedings pending except burdening the Criminal Courts which are already overburdened. We are of the view that in the backdrop of the aforestated fact-situation, the continuation of prosecution of Petitioner in the instant case will amount to abuse of the process of Court and therefore it is in the fitness of things to quash the FIR and subject proceedings in order to secure the ends of justice. We are in agreement with the submission of the learned Counsel appearing for the respective parties that continuation of criminal proceedings in the instant case will be an exercise in futility and justice in the case demands that the dispute between the parties is put to an end and peace is restored.9. In the light of the principles laid down by the Apex Court in the aforesaid decision as well as in the case of Narinder Singh vs. State of Punjab [2014 AIR SCW 2065] we are of the considered view that there is no impediment in quashing the criminal proceedings and FIR in question.