1. Petitioners being the accused persons preferred this Criminal Revisional application under Section 482 of the Code of Criminal Procedure, 1973 (in short ‘Cr.P.C.’), seeking quashing of the proceeding being CS/49908 of 2021 under sections 420/406/120B/34 of the Indian Penal Code (in short ‘I.P.C.’) pending before the Court of the Learned Metropolitan Magistrate, 19th Court at Calcutta including order dated 24th August, 2021.

FACTS OF THE CASE: -

2. The brief facts, essential for the purpose of disposal of the instant case, are as follows: -

a. On 29th April, 2014, a Memorandum of Understanding (in short ‘MOU’) was executed between the opposite party no. 2/complainant and the petitioner no. 1 for the development of land measuring an area of 113.3574 decimals situated within the Mouza – Pathuriaghata, J.L. No. 36, P.S.- New Town, District- North 24-Parganas, belonging to the petitioners. Pursuant thereto, on 21st May, 2014, M/s Harmony Vinimay Pvt. Ltd., owned by the opposite party no. 2/complainant, issued two cheques amounting to Rs. 51 lakhs and Rs. 50 lakhs respectively in favour of M/s Intimate Promoters Pvt. Ltd., a company in which petitioner nos. 2 and 3 are directors. Petit