JASJIT SINGH BEDI, J.

The prayer in the petition under Section 482 Cr.PC is for quashing of FIR No. 147 dated 24.5.2014 under Sections 420, 406, 467, 468, 471, 120-B, 409, 477-A IPC registered at P.S. Kapurthala City, Kapurthala along with all subsequent proceedings arising therefrom on the basis of the compromise dated 01.02.2023 (Annexure P-2).

2. The Counsel for the petitioner contends that a compromise has been effected between the parties in terms of which a sum of Rs.5 Crore has been paid to the respondent/complainant and, therefore, the FIR and all the proceedings emanating therefrom were required to be quashed in view of the compromise.

3. The Counsel for the State on the other hand contends that petitioner nos.1 to 4 are serial offenders and have multiple cases registered against them in some of which they have been declared proclaimed offenders and the details are as under:-