(1.) PETITIONERS have filed this petition under Section 482 of the Code of Criminal Procedure,1973 seeking quashing of FIR No. 173 dated 18.6.2005 (Annexure P7) under Sections 379/420/467/468/471/120-B of the Indian Penal Code (for short 'IPC') registered at Police Station Shahabad and all subsequent proceedings arising there from.
(2.) LEARNED counsel for the petitioners has submitted that respondent No.2 had issued a cheque in favour of complainant M/s Eshma Tractors on 1.7.2003 for a sum of ' 7,50,000/-. However, when the cheque was presented for encashment, it was dishonoured by the Bank with the report "exceed arrangement" and "insufficient Crl. Misc. No. M-2504 of 2007 2 balance".
(3.) NONE has appeared on behalf of respondent no.2- complainant.