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2016 Supreme(AP) 551

M.SATYANARAYANA MURTHY
Bajaj Finance Ltd. Rep by M. Aravind, Asst. Manager-Legal – Appellant
Versus
State of Andhra Pradesh Rep. by Public Prosecutor High Court of Judicature For the State of Telangana and For the State of Andhra Pradesh – Respondent


Advocates Appeared:
For the Petitioner: Valluri Mohan Srinivas.
For the Respondent: N. Satyanarayana.

JUDGMENT :

1. This petition is filed under Section 482 of Criminal Procedure Code (for short “Cr.P.C.”) to quash the proceedings in C.C. No. 180 of 2016 on the file of IV Additional Chief Metropolitan Magistrate, Vijayawada.

2. Petitioners 1 to 4 filed this criminal petition on the ground that the Court ought not to have taken cognizance for the offence punishable under Section 500 IPC, as it is barred by limitation and that the Directors of the company are not vicariously liable even if the alleged act of A-4 is accepted, for the offence punishable under Section 500 IPC.

3. Sri L. Ravichander, learned Senior Counsel appearing for petitioners 1 to 3 submitted that the complaint is hopelessly barred by limitation, in view of Section 468 of Cr.P.C. That apart, the accused 1 to 3 are not liable for any offence and thereby filing such complaint is nothing but abuse of process of the Court and prayed to quash the proceedings in C.C. No. 180 of 2016.

4. Sri C. Raghu, learned counsel appearing for the fourth petitioner reiterated the same contentions which the senior counsel has raised.

5. Sri N. Satyanarayana, party-in-person contended that the limitation starts from the date of acquittal for















































































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