This criminal petition has been taken out under Section 482 Cr.P.C by A-1-A.Ramesh Babu in Crime No.642 of 2011 of IV Town P.S., Dwaraka Nagar, Visakhapatnam city to quash the proceeding therein.

2(a). M/s. Akshaya Gold Farms and Villas (India) Limited-2nd respondent is a Public Company Limited registered under the Companies Act, 1956. It is engaged in the business of procuring lands and urban properties for development, construction and to sell plots, farm sites and villas etcetera to customers in the State of Andhra Pradesh. The petitioner-Aatmakru Ramesh Babu is one of the promoter Directors of the company. He negotiated with A-2-Gurram Janaki Ram, A-3-Bommidala Padma Lakshmi, A-4-Gobburu Mamatha and A-5-Gurram Venkata Rangam Babji for purchase of 14,850 square feet situated at Ward No.2, Block-2, T.S.No.90, Ongole. A-2 to A-5 agreed to sell the land admeasuring 14,850 sq. feet in favour of the complainant company. They received a total consideration of Rs.15,70,00,000/-. The petitioner-A-1 instead of obtaining registered sale deeds in favour of the company obtained a sale deed bearing Document No. 4648 of 2011 for a part of the property in favour of M/s. Vani Enterpri