THE HONOURABLE SRI JUSTICE N.TUKARAMJI CRIMINAL PETITION No. 4533 OF 2024

ORDER

This Criminal Petition is filed under Section 482 of the Code of Criminal Procedure, 1973 (for short ‘Cr.P.C.’), seeking quashment of the proceedings against the petitioner in Crime No. 269 of 2023 of Central Crime Station, Hyderabad.

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2. The petitioner is arrayed as accused No.6 in the Crime registered for the offences punishable under Sections 406, 420, 467, 468, 471, 506, 120-B read with Section 34 of the Indian Penal Code, 1860.

3. I have heard Mr.S.Nagesh Reddy, learned counsel for the petitioner and Mr.Jithender Rao Veeramalla, learned Additional Public Prosecutor, representing respondent No.1-State.

4. Learned counsel for the petitioner submits that the investigation has been pending for several years, during which no incriminating material has been found against the petitioner. It is further contended that the Bank account referred to by the investigating agency does not, in fact, belong to the petitioner. Moreover, learned counsel argues that the initiation of the Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal (NCLT), Hyderabad, renders the present criminal proc