Penal Code, 1860–Secs. 420, 406 & 120-B [Corresponding Sec. 318(4), 316(2) )& 61(2) of BNS, 2023]–Criminal proceedings–Sustainability–Petitioner is merely a share-holder and not the part of the management–No material to indicate that he participated in the alleged acts–No charge-sheet has been filed against her–Dispute between the parties has been settled by way of signing of a compromise deed–Co-accused have already been acquitted–No overt act or vicarious liability is attributable to the petitioner–Proceedings are liable to be quashed.
