A.N.Jindal, J.

1. The petitioner M/s Punjab Kashmir Finance Limited, Balbir Tower, G.T. Road, Jalandhar through Shri Nirmal Singh, Assistant Manager (T), Legal Department (hereinafter referred to as the petitioner) has invoked the provisions of Section 482 of the Code of Criminal Procedure(for short Cr.P.C.) for quashing an FIR No. 805 dated 28.12.2005 under Section 392 of the Indian Penal Code (for short IPC), Police Station Sadar, Gurgaon. The case has been registered at the instance of respondent Tayyab Hussain son of Isab Khan resident of village Uttawad, Tehsil Hathin, District Faridabad (hereinafter referred to as the complainant), who entered into hire-purchase agreement on 12.10.2002, vide which he got financed a truck bearing Reg.No. HR38H-2131. The total sum of finance was Rs. 7,42,460/-, which was to be repaid by the complainant in 34 monthly instalments commencing from 11.11.2002. On account of the default committed by the complainant in paying the instalments, the truck was repossessed by the petitioner on 10.2.2005. Even after the complainant made the payment of Rs. 60,000/-, out of the defaulted amount and further gave an assurance that he will make the payme