Criminal Procedure Code, 1973 (Cr.P.C) – Section 482 ; The Indian Penal Code (IPC) Sections 406, 408, 420 & 506(i) r/w 120B – This Quash Petition was filed by the petitioners (A1 & A2) in C.C.No.4138 of 2020, who were facing trial for offences under Sections 406, 408, 420 & 506(i) r/w 120B of the Indian Penal Code (IPC). The case originated from a complaint filed by M/s.K.R.V Properties Private Limited, alleging that the petitioners, in conspiracy with others, misappropriated funds and cheated the company in a land transaction.
The prosecution’s case was that the petitioners, acting as land brokers, sold company land at a lower price, causing a loss, and failed to purchase alternate land as agreed. A charge sheet was filed against the petitioners after investigation.