JUDGMENT :

Heard Mr. Nitin Kumar Pasari, learned counsel for the petitioner, Mr. Badal Vishal, learned counsel for opposite party no.2 and Mr. Deepankar, learned counsel for the State.

2. This petition has been filed for quashing the entire criminal proceedings in connection with Ratu P.S. Case No.93/2018 arising out of Complaint Case No.1806/2018, corresponding to G.R. Case No.2971/2018 registered under Section 420, 406, 467, 468, 471 and 34 of the Indian Penal Code, pending in the court of the learned Judicial Magistrate, Ranchi. The prayer is also made for declaring passing of an order under Section 156(3) Cr.P.C. by the learned court is bad in law.

3. The complaint case was filed alleging therein that the petitioners and other accused persons and respondent no.2 are known to each other and are engaged in business. In the year 2008, respondent no.2 along with the petitioners and three other accused persons had established a company, wherein, accused no.1 looked after the day to day work on accused no.4. One rice mill was setup at Futkal Toli, P.S. Ratu, District-Ranchi under the said company in the name and style of Prateek Agro Experts Pvt. Ltd. The said company engaged Bank of In