THE HONOURABLE SRI JUSTICE E.V. VENUGOPAL CRIMINAL PETITION No.1951 OF 2020

O R D E R:

This Criminal Petition is filed under Section 482 of Cr.P.C.

seeking to quash the proceedings against petitioner/accused No.2 in Crime No.128 of 2019 dated 11.07.2019 before the Station House Officer, P.S. Kulsumpura, Hyderabad for the offences punishable under Sections 406, 420, 506 and 509 of I.P.C. and Section 5 of Telangana State Protection of Depositors of Financial Establishment Act, 1999.

2. Heard Mr.N.Manohar, learned counsel for the petitioner and Mr.Vivekananda Reddy, learned Assistant Public Prosecutor appearing for respondent No.1-State.

3. The brief facts of the case are that respondent No.2/de facto complainant stated that in the year 2017 one of her neighbours by name Dhanraj introduced her to one person namely Sandeep who is running chit funds business in the name and style of “Sri Kalimata Chits”; that respondent No.2 joined as a member for Rs.2,50,000/- chit for a duration of thirty (36) months and Rs.7,000/- per month and that she was paying the said amount from September, 2017; that she continued to pay the amount for fifteen (15) months and one Sandeep used to collect the amount