S. Ravi Kumar, J.

1. This petition is filed to quash First Information in Crime No. 382/2012 of Malakpet Police Station registered for offences under Sections 406, 420 & 506 read with Section 34 IPC. Heard both sides.

2. Second respondent herein filed a complaint before VII Additional Chief Metropolitan Magistrate, Hyderabad alleging that the accused have entered into Service Provider agreement in connection with Marketing, Sourcing and Allied Activities with the complainant on 17-02-2011 and in pursuance of the said agreement, complainant did business to a tune of Rs.5 crores approximately and as per the terms, the accused are liable to pay an amount of Rs.7,29,245/-, but the said amounts were not paid for which, complainant got issued a legal notice and the accused received it on 04-09-2012 and paid an amount of Rs.3,00,000/- and promised to pay the balance within 10 days, but not paid and all the accused, with an intention to deceive complainant, had entered into agreement and thereby, committed offences under Sections 420 & 406 IPC. When complainant personally approached and requested for payment of amount due to him, the accused abused him in vulgar language and threatened