Heard Mr. P.A.S. Pati, learned counsel for the petitioners and Mr. Sumeet Gadodia, learned counsel for O.P. No. 2.

2. In this application, the petitioners have prayed for quashing the entire criminal proceedings in connection with Dhanbad Bank More P.S. Case No. 904 of 2012, corresponding to G.R. No. 3568 of 2012, which has been instituted for the offence punishable under sections 406 and 420 of the Indian Penal Code.

3. The prosecution story as would appear from the complaint petition originally instituted as C.P. Case No. 1874 of 2012 is that the complainant is the Director of M/s Dwarika Coke Pvt. Ltd. and the accused no. 1 is a Company registered under the Companies Act, whereas the accused no. 2 is the Director of accused no. 1. It has been stated therein that the complainant deals with coal and coke including pearl coke and since the accused persons were in need of pearl coke in their Ferro Alloys Factory, they requested the complainant to supply the said coke according to the specifications and thereby got issued purchase orders dated 30.12.2010. It has been alleged that on the instruction of the accused persons, pearl coke was supplied as per specification and qua