TMI Blog2022 (9) TMI 1520X X X X Extracts X X X X X X X X Extracts X X X X ..... T:- The parties are present in Court agree to abide by the terms and conditions set forth in the affidavit as also the Settlement dated 06.07.2022, reduced in writing between the parties, though not filed before this Court, because of confidentiality. There is no impediment in quashing of the FIR as it would never entail in conviction of petitioners. The petition is allowed subject to provid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the shareholders of M/s OSL. In April 2018 the holding company of the Petitioner No. 2 i.e. the Petitioner no. 1 herein, took over M/s. OSL. During the course of this take over, a number of documents, including Shareholding and Share Subscription Agreement, amendments therein etc, were executed between the parties. Subsequent to the execution of the aforesaid documents, the shareholding of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urt. On 06.07.2022 the parties amicably resolved all their disputes and in furtherance thereof, the complainant i.e. the Respondent No.2 had sent a letter/ representation dated 06.07.2022 to the Joint Commissioner of Police, Economic Offence Wing, Mandir Marg, New Delhi and to the Deputy Commissioner of Police, Economic Offence Wing, Mandir Marg, New Delhi, seeking to withdraw the complaint dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on of his share capital in lieu of the compensation paid to him and has stated all his grievances stands settled, hence this petition. 4. Along with the petition, the affidavit of respondent No.2 has been filed as Annexure P-15 incorporating all the terms of the settlement between the parties. 5. The parties are present in Court agree to abide by the terms and conditions set forth in the aff ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9. Chargesheet has since been filed. 10. In the circumstances, there is no impediment in quashing of the FIR as it would never entail in conviction of petitioners. 11. Accordingly, the petition is allowed subject to providing the original Resolution as aforesaid to respondent No.2. Consequently, FIR No.175/2020 registered at Economic Offence Wing (EOW), New Delhi under Sections 409/420/467 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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