IN THE HIGH COURT AT CALCUTTA CRIMINAL REVISIONAL JURISDICTION APPELLATE SIDE PRESENT:

THE HON’BLE JUSTICE UDAY KUMAR CRR 530 of 2023 CRAN 7 of 2025 CRAN 8 of 2025 Indian Compressors Limited & Anr.

-Vs-

State of West Bengal & Anr.

For the Petitioners : Mr. Sandipan Ganguly, Sr. Adv.

Mr. Karan Dudhwewala, Ld. Adv.

Mr. Mrigank Kejriwal, Ld. Adv.

For the State : Mr. Rituparna De Ghosh, Ld. Adv.

Ms. M. Roy, Ld. Adv.

For the Opposite Party No.2 : Mr. Ananda Gopal Mukherjee, Ld. Adv.

Hearing concluded on : 16.01.2026 Judgment on : 30.01.2026 UDAY KUMAR, J.: –

1. The petitioners, Indian Compressors Limited (ICL) and its Managing Director, Hemant Didwania, have moved this Court under Section 482 of the Code of Criminal Procedure seeking quashing of the proceedings in G.R. Case No. 78 of 2023 arising out of South Bidhannagar P.S. Case No. 17 dated 26.01.2023 under Sections 406/420 of the Indian Penal Code), presently pending before the Learned Additional Chief Judicial Magistrate at Bidhannagar, North 24 Parganas. While the revision originally challenged the legality of the FIR and the disproportionate freezing of corporate bank accounts, the focus has now shifted to C.R.A.N. 8 of 2023, a joint appli