Sarang V. Kotwal, J.

1. Rule, having regard to the relief sought, made returnable forthwith and heard by the consent of the learned Counsel for the parties.

2. The Petitioners have filed this Petition for quashing of the FIR being C.R.No.58 of 2016 registered with the Economic Offences Wing (for short, 'EOW') under Sections 406, 409, 418, 420, 465, 467, 468, 471 and 474 read with Section 120B of the IPC. The said FIR was lodged by the Respondent No.2 Sumit Nikunj Shah in his capacity as the Head of Operations of M/s. Shambhulal A. Shah & Co., which is a partnership firm. The first informant's father and two uncles are the partners of the said firm.

3. The Petitioner Nos.1 to 4 are brothers. The Petitioner No.5 is the son of the Petitioner No.2 and the Petitioner No.6 is the son of the Petitioner No.1. The subjectmatter of the FIR is the transaction between the first informant's firm and the 3 entities namely M/s. Sharp Industries Ltd., M/s. Lalit Polyester Pvt. Ltd. and M/s. Ridhi Petrochem Pvt. Ltd. It is the Petitioners' case that the Petitioner Nos.1 and 2 resigned from the Directorship of Sharp Industries Ltd. from 06/12/2010. The Petitioner Nos.3 and 4 similarly resigne