ORDER :

1. The application has been filed under section 482 of the Code of Criminal Procedure for quashing and setting aside the FIR bearing C.R. No. I – 06 of 2017 registered with Salabatpura Police Station, Surat, for the offences punishable under Sections 406 and 420 of the Indian Penal Code.

2. The petitioner states that he is a director of the registered company, doing its business in the name and style of “Maayu Import and Export Limited”, having its registered office at 103, 3rd Cross Street, Colombo-11, with new registered office address at No.208, Main Street, 4th Floor, Colombo-11. The petitioner company has come into existence in the year 2009 and is doing the business of textiles, fabrics, readymade garments. The petitioner states that the company has earned a lot of reputation all throughout the country, the company has entered into commercial transaction with various companies and had never entered into any default and the company believes into maintaining relations.

2.1 The petitioner states that his company has placed some orders from the company i.e. M/s. Oswal Overseas in the end of 2013 and all the transactions with regard to the said transactions were carried out b