ORDER

1. This petition under Section 482 of Cr.P.C. is preferred for quashment of the proceeding of case No. RCT/9911636/2017 pending before the JMFC, Bhopal.

2. Applicant is a Deputy Manager of Kotak Mahindra Bank a duly constituted attorney which is a Banking Institution. On 17.05.2017 respondent No 2 lodged a written complaint against the present applicant and his vendors vide complaint No 39/17 and the same was taken as a First Information Report under section 154 of the Criminal Procedure Code on 28/06/2017. It was complained that the respondent No 2 has purchased two vehicles (Bus) bearing registration No. MP04PA2613 & MP04PA2503 with the financial assistance from the Kotak Mahindra Bank in the years 2015. The respondent No. 2 turn out to be a chronic defaulter, and even after a services of reminder and request, the respondent No. 2 did not regularize the loan accounts. due to the continuous defaulting both the loan account the public money was in jeopardy and the Applicant's Bank was becoming a losing venture and hence as a last resort invoking the clause of agreement the vehicle was restored into the possession of the Bank with due compliance of the Law but on the complaint o