ORDER

Counsel for the petitioner as well as learned counsel for respondent No.2 pray for quashing of the proceedings against the petitioner arising out of FIR No.407/1993, registered at PS Connaught Place under Sections 420/408 IPC presently pending in the Court of Shri G.P. Singh, MM, New Delhi. A compromise deed has been placed on record as Annexure A-2. Learned counsel for the parties submits that the petitioner was an employee of respondent No.2. It is submitted that he has realized his mistake and has adequately compensated also the respondent No.2-complainant. He is facing the ordeal of criminal prosecution since 1993 and as such, has suffered enough.

2. Considering the fact that the petitioner and respondent No.2 were employee and employer, the petitioner has realized his mistake, is repenting and has no criminal antecedents, this Court is of the considered view that it is a fit case in which this Court should exercise its powers for quashing the prosecution qua the petitioner in the case FIR No.407/1993 under Sections 420/408 IPC at PS Connaught Place, New Delhi.

3. It is ordered accordingly. However, the prosecution against other accused shall continue in accordance w