ORDER :

Heard Sri.Pramod Kathavi, learned Senior counsel on behalf of Sri.Ramachandra A Mali for the petitioner and Sri.Harshawardhan M Patil, learned counsel for respondent No.2 and learned High Court Government Pleader for respondent No.1 – State.

2. Sri.Harshawardhan M Patil has filed a memo

3. This petition is filed under Section 482 of with documents. The same is taken on record. Cr.P.C. with the following prayer:

“To quash the complaint and the FIR Dtd 11.11.2022 registered in Chikodi P.S. Crime No. 242/2022, registered for the offences punishable U/s 406, 420 of IPC and Sec. 9 of Karnataka Protection of Interest of Deposits in Financial Establishment Act 2004 on the file of Prl. District and Sessions Judge, Belagavi insofar as the same relate to the petitioner/accused No. 1 herein as the same being illegal and not sustainable in law.”

4. Brief facts of the case are as under:

A complaint came to be filed by Shivanand S/o Channappa Magadumma on 11.11.2022 with Chikkodi Police Station which was registered in Crime No.242/2022 under the provisions of Section 9 of Karnataka Protection of Interest Depositors in Financial Establishment Act, 2004 (for short, ‘KPID Act’) and under Sect