JUDGMENT

Chander Bhusan Barowalia, J. - The present petition, under Section 482 of the Code of Criminal Procedure (hereinafter to be called as "the Code"), is maintained by the petitioners for quashing of F.I.R No. 0061, dated 03.05.2016, under Sections 406, 420 and 120-B of the Indian Penal Code, registered at Police Station Bhoranj, District Hamirpur, H.P., alongwith all consequent proceedings arising out of the said F.I.R., pending before the learned trial Court.

2. Briefly stating the facts, giving rise to the present petition are that petitioner No. 1, being the Director of Alchemia ADS & Media Private Limited, had engaged respondent No. 2/complainant (hereinafter to be called as "the complainant") as Franchise Holder of the said company for the purpose of advertisement of various products/programmes. The dispute arose between the parties, when the petitioners issued cheque to the complainant and on presentation, the same was bounced. Accordingly, FIR, dated 03.05.2016, under Sections 406, 420 and 120-B of the Indian Penal Code, came to be registered against the petitioners. However, now the parties have entered into a compromise (Annexure P-2) and they do not want to pursue th