G C GARG MANAGING DIRECTOR LIOYDS FINANCE LIMITED Vs. STATE OF BIHAR AND MD MUMTAZ ALAM SON OF MD MASOOD ALAM

JUDGEMENT

(1.) This application has been filed for quashing the order dated 22.5.2000, passed by the Judicial Magistrate, 1st Class, Patna in Complaint Case No. 1269(c) of 1999 by which the Court has taken cognizance against the Managing Director of Lioyda Finance Limited under Sections 406 and 420 of the Indian Penal Code.

(2.) According to the complaint case the complainant had deposited a sum of Rs. 14,000/- in the scheme of Lioyda Finance Limited in which the Petitioner was the Managing Director. The transaction took place in Patna. Subsequently the complainant has been paid a sum of Rs. 14,000/- A compromise petition was also filed in the Court below which has been signed by both the counsels in view of the fact that in similar cases i.e. Cr. Misc. No. 12920 of 2004, disposed of on 17.2.2006, Cr. Misc. No. 35135 of 2004 and Cr. Misc. No. 35165 of 2004, this Court has passed an order quashing the proceeding even though the complainant despite several notices has not appeared in the Court on the ground that the statements made in the application are not rebutted.

(3.) I accordingly, on the basis of the aforesaid facts and the orders passed by this Court in similar matters quash the order dated 22.5.2000, passed by the Judicial Magistrate, 1st class, Patna in Complaint Case No. 12969(c) of 1999.