JUDGMENT :

Rakesh Kainthla, J.

1. The present petition has been filed for quashing the FIR No. RC0962016A0004, dated 23.6.2016, for the commission of offences punishable under Section 120-B read with Sections 420 , 405, 467, 468 & 471 of IPC and Section 13 (2) read with Section 13 (1)(d) of the Prevention of Corruption Act and subsequent proceedings arising out of the FIR on the basis of the compromise. It has been asserted that the petitioner has amicably resolved the issue with respondent no. 2 and respondent no. 2 has issued a certificate that no amount is to be recovered from M/s Joya Resort and Hotel. The transactions between the petitioner and respondent were commercial and no criminality is attached to it. Respondent No. 2 has initiated steps for the withdrawal of the recovery suit pending before the Debt Recovery Tribunal, Chandigarh. Hence, it has been prayed that the present petition