The petitioners have filed the present petition for quashing of FIR No.26, dated 28.2.2024, registered at Police Station Gagret, District Una, H.P., for the commission of offences punishable under Section 420 and 120-B of the Indian Penal Code (IPC) and the consequential proceedings arising out of it. (The parties shall hereinafter be referred to in the same manner as they were arrayed before the learned trial Court for convenience).

Briefly stated, the facts giving rise to the present petition are that the informant filed an application before the police, asserting that he was the owner in possession of Plot Nos. 376, 377, 415 and 416 at the site Manohar Infrastructure and Construction Mulanpur, Chandigarh. He wanted to raise the construction of the residential houses on the site. The accused approached the informant and disclosed that they were running the construction business under the name and style of Nayyar Builders and Contractors. They agreed to build the residential houses for ₹ 1,88,30,700/-. The informant agreed to the proposal of the accused. Accused Nos. 1 and 2 entered