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2022 (12) TMI 1478 - HC - Money LaunderingNon-compliance with the obligation o allotment of booked flats - During the pendency of the proceedings, the parties have arrived at a settlement wherein the flats have been given to the petitioners and they are satisfied with the allotment and do not wish to prosecute the FIR any further. HELD THAT:- Respondents states that all the respondents are satisfied with the settlement and do not have any dispute with the petitioners and have no objection to the FIR being quashed. It is in the interest of justice it is convincing that quashing of such proceedings on account of compromise would bring about peace and would secure ends of justice. This should not be treated as a legal precedent as in this case, the proceedings are quashed as the respondent has decided to put a quietus to the matter. The Court does not see any fruitful purpose if criminal proceedings are permitted to be prosecuted any further. It is a fit case for quashing. In this view of the matter, there is no reason to continue the proceedings. Petition disposed off.
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