THE HONOURABLE SMT. JUSTICE JUVVADI SRIDEVI CRIMINAL PETITION No.12187 OF 2023

O R D E R

This Criminal Petition is filed by the petitioners-accused Nos.1 and 4 seeking to quash the proceedings against them in C.C.No.934 of 2021 on the file of learned IV Additional Metropolitan Magistrate-cum-Junior Civil Judge at L.B.Nagar, Rachakonda present V Additional Metropolitan Magistrate-cum-I Additional Junior Civil Judge, Medchal-Malkajgiri District, Uppal at L.B.Nagar, registered for the offences under Sections 406, 420, 120-B of the Indian Penal Code (for short ‘IPC’).

02. Heard Sri N.Bhujanga Rao, learned counsel for the petitioners-accused Nos.1 and 4 and Sri Rudresh Deshpandey, learned Assistant Public Prosecutor for the State-respondent No.1. None appeared on behalf of the respondent No.2. Perused the record.

03(a). In brief, the case of the complainant/respondent No.2 is that accused Nos.1, 2, 5, and 7 were engaged in real estate business for several years and incurred heavy losses. To recover their losses, accused Nos.1 to 9 allegedly entered into a criminal conspiracy to cheat the innocent public by luring them to register plots on easy installment schemes. In 1990, they establishe