This petition under Section 482 of CrPC has been filed for quashing the FIR in Crime No.154/2016 registered at Police Station Maharajpura, District Gwalior for offence under Sections 420, 406, 506, 294 and 34 of IPC.

2. The undisputed fact is that the applicant is one of the Directors of the Company i.e. M/s. Valecha Engineering Limited [in short ''VEL''], registered under the Indian Companies Act listed in Bombay Stock Exchange and is in the business of construction and infrastructure.

3. The necessary facts for the disposal of the present petition, in short, are that the complainant/respondent No.5 Vinod Sharma lodged a FIR against the applicant and one Dinesh Valecha on the allegation that an offer was given by the applicant and another co-accused for purchase of ''crushed stone aggregate'' in large quantity and it was assured by them that ''crushed stone aggregate'' may be supplied on regular basis and the payment shall be made regularly. Relying on the assurance given by the applicant and the co-accused, the complainant supplied ''crushed stone aggregate'' on regular