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2024 Supreme(MP) 328

PREM NARAYAN SINGH
Shubham – Appellant
Versus
State of Madhya Pradesh – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: Yash Pal Rathore
For the Respondent: Ms. Vinita Dwivedi, Ms. Jyoti Maheshwari, Gurumeet Singh Dang

ORDER :

Prem Narayan Singh, J.

The applicants have filed the present petition under section 482 of the Code of Criminal Procedure, 1973 seeking quashment of FIR bearing Crime No. 422/2023 registered at Police Station-Kotwali District Dhar for the offence under sections 420, 406, 409 read with 34 of the Indian Penal Code, 1860 (hereinafter referred to as “IPC”) and section 6(1) of the M.P. Nikshepako Ke Hiton Ka Sanrakshan Adhiniyam, 2000 (hereinafter referred to as “Adhiniyam, 2000”) and all further proceedings.

2. As per prosecution case, the respondent No. 2/complainant has lodged a written complaint at Police Station Kotwali District Dhar against the applicants along with four other persons that they formed a chit fund company and obtained deposits from the depositors. In the meeting held at Shradha Garden, Dhar, co-accused Ritesh Panchal, Director of the Company along with co-accused Pankaj Solanki, Local Manager of the company explained the investment plan of the company. The said company offered huge profit on the investment. In its regular course of business of the company through its employees and workers contacted the public and made them believe that if they invest money in

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