ORDER:

This Criminal Petition is filed under Section 482 of Code of Criminal Procedure, 1973 (for short ‘Cr.P.C’) to quash the proceedings against the petitioner/accused in ECIR/HYZO/04/2021 dated 18.01.2021.

2. The brief facts of the case are that the petitioner- Company, represented by Mr. Shashank Mudhra, is engaged in microfinance business in India. It is being investigated by the Enforcement Directorate based on an FIR filed under various sections, including 420, 506 of IPC, Section 67 of IT Act, 2008, and Section 3 of Telangana Money Lenders Act, 1349F. The Company seeks to quash proceedings under the Prohibition of Money Laundering Act (PMLA), 2002, stemming from ECIR No.ECIR/HYZO/04/2021. The FIR, registered by Cyber Crime, Cyberabad, implicated the petitioner-Company i.e., Smartcoin Application. The Company aims to nullify these proceedings initiated by respondent No.1.

3. On 23.12.2020, Sri K. Satish filed a complaint with Cyber Crime Police Station, Cyberabad Commissionate, leading to FIR No.1187 of 2020. He alleged that after downloading Cash TM, a microloan app, and uploading identification documents, he received a loan of Rs.2,292/- but was harassed by unknown persons de