Penal Code, 1860–Secs. 420, 406 & 34–Criminal proceedings–Quashed by High Court–Justification–High Court primarily adverted on the circumstances that it was a case of termination of the agreement to sell on account of an alleged breach of contract, and the arbitral proceedings have been initiated at the instance of appellants–Facts narrated in complaint/FIR/charge-sheet are revealing commercial transaction but that is hardly a reason for holding that the offence of cheating would elude from such transaction–Impugned judgment deserves to be set aside.
