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2021 Supreme(Kar) 64

H.P.SANDESH
Prateek Jaswant S/o Lale Charles M. Jaswant – Appellant
Versus
The State of Karnataka – Respondent


Advocates:
Advocate Appeared:
For the Petitioners: Smt. Jayna Kothari, Sri. Rohan Kothari.
For the Respondents: Sri. K.S. Abhijith, Sri. W.M. Sundaramurthy.

ORDER :

1. This petition is filed under Section 482 of Cr.P.C. praying this Court to set aside the impugned order dated 22.04.2019 passed by the IV Additional Chief Metropolitan Magistrate, Bengaluru and also the proceedings in C.C. No. 16400/2019 and consequently quashing the criminal complaint registered as PCR No. 11811/20005 and pass such other order as deems fit in the circumstances of the case.

2. The factual matrix of the case is that the respondent No. 2 has filed the private complaint invoking Section 200 of Cr.P.C. against the petitioners herein and other accused persons for the offences punishable under Sections 109, 110, 406, 417, 419, 420 read with Section 34 of IPC. The complaint was registered as PCR No. 11811/2005, wherein the factual matrix of the case is that the complainant is a venture capitalist and its main object is to finance, assisting, development and commercialization of technology in general by granting loans, advances or grants in any other manner. The complainant had agreed to participate in the venture and accordingly the complainant was to have allotted 3,33,333 equity shares of value of Rs. 10/- each at a premium of Rs. 5/- per share in terms of the e

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