ORDER :

1. This Criminal Petition is filed under Section 482 of the Code of Criminal Procedure, 1973 (for short Cr.P.C.) to quash the proceedings in Crime No. 458 of 2020 pending on the file of Banjara Hills Police Station, Hyderabad City Commissionerate. The petitioner herein is sole accused in the said Crime. The offences alleged against him are under Sections 420 and 406 of the Indian Penal Code, 1860 (for short ‘IPC’).

2. BRIEF FACTS AND ALLEGATIONS LEVELLED AGAINST THE PETITIONER IN THE COMPLAINT:

(i) Sri. Aditya-Vamsiram Homes LLP was incorporated under Section 12(1)(b) of the Limited Liability Partnership Act, 2008 (for short ‘LLP Act’). Limited Liability Partnership (LLP) Agreement dated 21.05.2014 was executed. Petitioner-accused and respondent No. 2-de facto complainant, are designated partners.

(ii) The LLP has undertaken a project named Sri. Aditya Casa Grand at Narsingi, Hyderabad. It had entered into three Development Agreements-cum-General Power of Attorneys (for short ‘DAGPAs’) dated 16.09.2016, 21.09.2016 and 26.09.2016 respectively in relation to the development of residential Villas over an extent of land admeasuring approximately Acs. 16-24 guntas in Survey Nos. 155