Sangitrao S. Patil, J.

1. Rule. Rule made returnable forthwith. Heard finally with consent of the parties.

2. The petitioner has prayed for quashing of the Charge-Sheet bearing No. 38 of 2016 presented in the Court of the learned Judicial Magistrate, First Class (5th Court), Aurangabad on 02.04.2016 arising out of Crime No. 352 of 2015 registered against him in Police Station, Satara, Aurangabad for the offences punishable under Sections 420 and 406 read with Section 34 of the Indian Penal Code (I.P.C. for short).

3. The petitioner and respondent no. 2 are doing the business of scrap material at Beed and Aurangabad respectively.

4. Respondent no. 2 lodged a report on 18.11.2015 against the petitioner, his brother Gulam Tarek Farooqi and Mufti Musaleoddin Khan, alleging inter-alia that on being strongly recommended by Mufti Musaleoddin Khan for becoming a partner with the petitioner in the transaction of purchasing 700 tonnes of scrap material of Maharashtra Jeevan Pradhikaran, Karad, District Satara ("the Pradhikaran" for short), respondent no. 2 met the petitioner at Karad, District Satara on 16.07.2013, when the petitioner demanded an amount of Rs. 31,50,000/- in order to e