SUDIP AHLUWALIA, J.

In this Revisional application the petitioners have prayed for quashing the proceedings arising out of Thakurpukur P.S. Case No. 202 of 2012 dated 05.05.12, pending in the Court of the Ld. Additional Chief Judicial Magistrate at Alipore, South 24 Parganas.

2. The Opposite Party No. 2/De facto-complainant had filed the petition of complaint in the Ld. Court below under Section 156(3) of the Cr.P.C. The aforesaid FIR was thereafter drawn up under Sections 406/420/323/34 of the IPC. In the complaint it had been alleged that the complaint and the petitioner no. 1 from their respective joint funds had started an Educational business under the name and style of ‘Sabuj Sathi’ in 1998. Thereafter the petitioner no. 1 took charge of as Principal of the school with consent of the complainant. She is then alleged to have deposited the School collections towards tuition fees, development fees, selling of books and uniforms to the students etc. in her own personal account and not in the joint School account opened with the Punjab National Bank, Ketopool Branch, Sakuntala Park, Kolkata- 700 061. She is also alleged to have instructed the parents of the students to mak