THE HON’BLE SRI JUSTICE E.V.VENUGOPAL CRIMINAL PETITION No.1534 OF 2023

ORDER:

1 Heard Sri Mayur Reddy, learned senior counsel appearing on behalf of Sri Saini Aravind, the learned counsel for the petitioner and Sri M.V.Hanumantha Rao, the learned counsel for the second respondent and Mr.E.Ganesh, learned Assistant Public Prosecutor for the first respondent – State.

2 This criminal petition is filed seeking to quash the proceedings against the petitioner in C.C.No.27 of 2022 on the file of the Court of Principal District and Sessions Judge, Hanumakonda registered for the offences under Sections 420, 406, 506 IPC and section 5 of Telangana Protection of Depositors of Financial Establishments Act, 1999.

3 The case of the prosecution is that the 2^nd respondent herein filed a report dated 06.01.2021 before the Commissioner of Police, Warangal stating inter alia that she and her husband are subscribers of Chits in Akshara Chit Funds Pvt. Ltd. and its branches at Hanumakonda, Ramnagar, Warangal, Kazipet, Jangaon, Siddipet, Jammikunta and Mahabubabad. The Head office of M/ s.Akshara Chit Funds Pvt. Ltd., is located at Nakkalagutta, Hanumakonda. It is alleged that Akshara Chit Fund Company P