1 The respondent No.2, although served with the notice issued by this Court, yet has chosen not to remain present before this Court either in person or through an advocate and oppose this application.

2 By this application under Section 482 of the Code of Criminal Procedure, 1973, the applicants seek to invoke the inherent powers of this Court, praying for quashing of the First Information Report being C.R. No.I40 of 2015 registered with the Sola Police Station, Ahmedabad for the offence punishable under Sections 406, 420 and 120B read with 114 of the Indian Penal Code. The First Information Report lodged by the respondent No.2 reads as under:

“DATE : 15/07/2015

My name is Kaushikbhai Kumudchandra Kapadia, aged 48 years, Occupation – Business, Add. 17, Sudarshan Society Vibhag – 2, Near Devendra Bus Stop, Naranpura, Ahmedabad City. Mobile No. 9825034578.

I have personally come and declare the facts of my complaint that, I am residing at the above mentioned address with my family and I am carrying on the business of Building Construction and salespurchase of land. Through one of my acquaintance Suketu Talati before four years I came in contact with Jayesh Kanaiyalal Shukla res