Invoking the inherent power of this Court under Section 482 of the Code of Criminal Procedure (in short ‘the Code’) the petitioner-company through its partner has moved this Court for quashing of the entire criminal proceeding including the F.I.R. being Vigilance P.S. Case No.20 of 2012 which was instituted under Sections 409, 420, 201, 109, 120B, 468 and 469 of the Indian Penal Code and also under Section 13(2) read with Section 13(1)(c)(d) of Prevention of Corruption Act.

2. Bereft of unnecessary details, the facts which is relevant for the proper adjudication of the issue involved in this case, in short, is that on the basis of written report of one Ram Sagar, Deputy Director, Welfare Department, Govt. of Jharkhand, the aforesaid vigilance case was instituted with allegations that an area of 0.75 acres of Plot No.167 appertaining to Khata No.164 of Mouza-Kadri was transferred to the Welfare Department for construction of Haj House at an estimated cost of Rs.4,88,72,700/-. The work was handed over to be executed by the Jharkhand State Housing Board. Whereafter the construction work was started on 17.07.2007 but on 20.09.2009 when the casting of portico of the Haj House was