JUDGMENT :

The petitioner in this petition calls in question registration of crime in Crime No.100 of 2022 for offences punishable under Sections 406, 409, 418 and 420 of the Indian Penal Code.

2. Brief facts leading to the filing of the present petition, as borne out from the pleadings are, as follows:-

Petitioner is the Managing Director of one M/s Shriganesh Textiles and Infrastructure (India) Private Limited. The complainant is the Vice-President of M/s Himatsingka Company. Both M/s Shriganesh Textiles and Infrastructure (India) Private Limited and M/s Himatsingka Company are incorporated under the provisions of Companies Act, 1956. The petitioner/Company is in the business of conversion of cotton into cotton yarn and supplying it to the customers who deliver cotton bales to them. In the year 2021 the petitioner and the 2nd respondent/complainant entered into certain understanding with regard to supply of cotton and the petitioner agreed to convert such supplied cotton into yarn. It was agreed that the complainant would supply certain chunk of cotton bales for the petitioner t