ORDER

1. Heard the parties at length.

2. This appeal by special leave has been filed challenging the judgment rendered by the Ranchi Bench of the Patna High Court, as it then stood, whereby petition under Section 482 of the Code of Criminal Procedure (hereinafter referred to as "CrPC") filed on behalf of the appellant for quashing the first information report lodged against him has been dismissed.

3. The short facts are that Madhusudan Ram Gupta, Respondent 2 filed a complaint in the Court of the Chief Judicial Magistrate, Dhanbad bearing Complaint Case No. 88 of 1998 for prosecution of Mis Gopalika Finance Corporation Limited, Sitarampur within the district of Burdwan and its two Directors, namely, the appellant and his brother Vijay Shanker (since deceased) under Sections 4201120-B IPC alleging therein, inter alia that Mis Gopalika Finance Corporation Ltd. (hereinafter referred to as "the Corporation") was engaged in the business of financing the purchase of vehicles under the hire-purchase scheme and the complainant who was desirous of purchasing a truck approached the accused persons for financial assistance in the year 1991 whereupon the appellant and his brother Vijay Shanker