( 1 ) THIS petition under Articles 226 and 227 of the Constitution of India seeks quashing of F. I. R. No. 117/2004 registered at Police Station Connaught Place, New Delhi, under Section 420 of the I. P. C. Crl. M. No. 2130/2004 was filed for stay of investigations. Crl. M. Nos. 2615 and 2616/2004 have been filed by respondent No. 2 for dismissing the writ petition and vacating stay order. The facts relevant for the disposal of this petition and applications, briefly stated, are that the petitioner is the Chief Controller of Sahara Airlines Limited. The respondent No. 2-complainant, who is a Commercial Pilot, was working with Indian Airlines from 1972 to 1994 and from 1994 to 1995 with Jet Airways. In September, 1995, he was selected for the post of Commander by Sahara Airlines Limited. On 30th September, 1995, he was issued an appointment letter, one of the terms of which was that on completion of three years service in Sahara India Airlines, the Management would provide him residential accommodation costing around Rs. 36 lacs. This appointment letter was under the signatures of the petitioner. On 18th November, 1995, an addendum was issued by petitioner clarifyin