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2025 Supreme(P&H) 646

PUNJAB AND HARYANA HIGH COURT AT CHANDIGARH
N.S. SHEKHAWAT
J.C. Flowers Asset Reconstruction Pvt. Ltd. – Appellant
Versus
State of Haryana – Respondent


Advocates Appeared:
For the Appellant :Mr. Akshay Bhan, Sr. Advocate with Mr. Ritesh Kumar, Advocate, Mr. G.S.Sullar, Advocate and Mr. Haneesh Kumar, Advocate
For the Respondent: Mr. Rajinder Kumar Banku, DAG, Haryana.

JUDGMENT :

N.S.Shekhawat, J.

1. The petitioners have filed the present petition under Section 528 of the BNSS with a prayer to quash the FIR No. 0471 dated 23.07.2024 under Sections 120-B, 420, 467, 468 and 471 of IPC (Annexure P-24) registered at Police Station Gurgaon Sadar alongwith all consequential proceedings arising therefrom.

2. After hearing the submissions made on behalf of the petitioners, this Court has already issued notice of motion to the respondents in the main case and the main case is stated to be pending on 12th March, 2025.

3. During the pendency of the main case, the petitioners/applicants have filed the present application seeking directions to the State of Haryana/Investigating Agency not to take any coercive action qua the applicants/petitioners and its employees in the present case.

4. During the course of hearing, learned senior counsel has made detailed submissions on the merits of the case and contended that the FIR is in total contradiction to the provisions of Section 32 of the SARFAESI Act, which protects the officers and secured creditor from any prosecution. Still further, the FIR and all subsequent proceedings are blatant misuse of the process of the Co

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