ORDER :

Karuna Nand Bajpayee, J.

1. Supplementary affidavit filed on behalf of applicants as well as power filed today by Shri Ajatshatru Pandey, Advocate on behalf of opposite party no. 2 are taken on record.

2. The applicants Rajesh Malik and Randeep Waraich have invoked inherent jurisdiction of this Court u/s. 482 of Cr.P.C. for quashing of impugned charge sheet dated 03.9.2018, cognizance order dated 08.10.2018 passed by the Chief Judicial Magistrate, Gautam Budh Nagar as well as entire proceedings in Criminal Case No. 2009 of 2019 (State vs. Rajesh Malik and others) arising out of Case Crime No. 1201 of 2018, u/s. 406, 420, 467, 468, 471 and 34 I.P.C., Police Station-Sector 20 Noida, District-Gautam Budh Nagar.

3. In nutshell the controversy involved in the present matter is that opposite party no. 2 Amit Gupta along with Sanjay Rastogi, Paramjit Gandhi and PTC Mouldings Pvt. Ltd. lodged an F.I.R. dated 22.7.2018 against Rajesh Malik, Randeep Waraich and M/s. Carnoustie Management (India) Pvt. Ltd. with the allegations of cheating forgery and fraud and conspiracy by stating that the accused persons have cheated them for an amount of almost Rs. 5,36,89,000/- (Five crore thirty six