1. In this petition filed under Section 561-A of the Code of Criminal Procedure Svt. 1989, the petitioner seeks quashing of the proceedings under Sections 420, 406, 468, 120-B of the Ranbir Penal Code, in case titled Raman Malhotra vs. Shri Krishna Khaitan and others, pending before the Special Mobile Magistrate under Passenger Tax and Shops Act, Jammu and all orders passed therein including the order dated 05.01.2013, whereby the court below has issued the process against the petitioner.

2. The facts giving rise to the filing of this petition briefly stated are that the petitioner is serving as Accounts Manager with M/s Khaitan Electrical Ltd. (hereinafter referred to as the Company) having its Registered office at A-13, Cooperative Industrial Estate Balanagar, Hyderabad. The Company is involved in the business of manufacturing and deals inter alia in electrical items. It is contended that the respondent No.1 was appointed as Consignment Agent of the Company in the year 2000 and thereafter, his appointment as a Consignment Agent was renewed from time to time till 2004, when he was appointed as Area Distributor for the State of Jammu and Kashmir. His appointment was renewe