ORDER :

1. Rule. Ms. Monali Bhatt, learned APP and Mr. Ekant G.Ahuja, learned advocate for respondent no.2, waive service of notice of Rule on behalf of respective parties. With the consent of learned advocates appearing for the parties, the matter is heard today finally.

2. This petition has been filed under Section 482 of the Code of Criminal Procedure, 1973 (hereinafter referred to as the ‘Cr.P.C.’ for short) with prayer to quash and set aside the proceedings of C.R.No.I-372/2016, registered at Malaviyanagar Police Station, Rajkot for the offences punishable under Sections 406, 420, 465, 467, 468, 471 and 120B of IPC.

3. The petitioner no.1 is the administrator of P.V.Modi School, Indraprasth Nagar at Rajkot. Petitioner nos.2 to 6 are the trustees of Shri P.V.Modi Charitable Trust, which runs P.V.Modi School. The present petitioner nos.2 to 4 are also trustees of Vidhyasagar Charitable Trust, which has established the Modi School (V.J.Modi). Petitioner no.7 is the principal of V.J. Modi School at village Ishwariya, Rajkot.

3.1 It is stated by the petitioners that P.V. Modi Charitable Trust is registered under Bombay Public Trusts Act, which has established P.V.Modi School in the ye