- 1 - HC-KAR NC: 2025:KHC:23533 CRL.P No. 1945 of 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 2ND DAY OF JULY, 2025 BEFORE THE HON'BLE MS. JUSTICE J.M.KHAZI CRIMINAL PETITION NO. 1945 OF 2023 (482(Cr.PC) / 528(BNSS)) BETWEEN: 1. PEOPLE10 TECHNOSOFT PVT. LTD., A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956, CIN U72200KA2011PTCO57301, HAVING ITS REGISTERED OFFICE AT: FLOOR 8, BLOCK A, GOPALAN GLOBAL AXIS SEZ, NO 152 EPIP ZONE, WHITEFIELD, BENGALURU, KARNATAKA 560066, REPRESENTED BY ITS DIRECTOR AND AUTHORIZED SIGNATORY, MR DINESH HEGDE. 2. RAKESH DAHIYA AGED ABOUT 47 YEARS, DIRECTOR OF RESPONDENT NO 1, S/O RAJ SINGH DAHIYA, RESIDING AT 14650, LANDMARK BLVD 1451, DALLAS, TEXAS-75254, UNITED STATED OF AMERICA. ALSO AT: 46, PURVA PARKRIDGE, GOUSHALA ROAD, MAHADEVPURA, BENGALURU, KARNATAKA-560048. 5. NISHA SHOUKATH AGED ABOUT 47 YEARS, DIRECTOR OF RESPONDENT NO 1, Digitally signed by REKHA R Location: High Court of Karnataka - 2 - HC-KAR NC: 2025:KHC:23533 CRL.P No. 1945 of 2023 D/O MR K. Y. SHOUKATH, RESIDENT AT: 5200, GLENLAUREL OAKS CT, JACKSONVILLE, FLORIDA 32257, UNITED STATED OF AMERICA. ALSO AT: A902, BRIGADE METROPOLIS, MAHADEVAPURA, BENGALURRU, KARNATAKA-560048. 7. DINESH HEGDE AGED ABOUT 44 YEARS, DIRECTOR OF RESPONDENT NO 1, C/O PEOPLE 10 TECHNOSOFT PVT. LTD. FLOOR 8, BLOCK A, GOPALAN GLOBAL AXIS SEZ, NO 152, EPIP ZONE, WHITEFIELD, BENGALURU KARNATAKA 560066 …PETITIONERS (BY SRI. GEORGE JOSEPH., ADVOCATE) AND: 1. IDEAWORKS PARTNERS A PARTNERSHIP UNDER THE INDIAN PARTNERSHIP ACT, 1932, THROUGH ITS PARTNER AND AUTHRIZED REPRESENTATIVE, MR PARAG AGARWAL, SHAREHOLDER OF RESPONDENT/ ACCUSED NO 1 COMAPANY, HAVING ITS OFFICE AT: OFFICE NO 8, SECOND FLOOR, MAHALUXMI METRO TOWER SECTOR 4, VAISHALI, GHAZIABAD 201010. 5. RITU JAIN AGED ABOUT 52 YEARS, DAUGHTER OF ADESHWAR KUMAR JAIN, RESIDING AT FLAT NO C101, ADITYA, MEGA CITY, INDIRAPURAM, - 3 - HC-KAR NC: 2025:KHC:23533 CRL.P No. 1945 of 2023 GHAZIABAD 201010, UTTAR PRADESH …RESPONDENTS (BY SRI. RAGHURAM CADAMBI., ADVOCATE) THIS CRL.P IS FILED U/S.482 CR.P.C PRAYING TO 1. SET ASIDE THE ORDER DATED 29.08.2022 IN SPL.C.NO.1999/2022 PASSED BY THE HONBLE LIX ADDITIONAL CITY CIVIL AND SESSIONS JUDGE AT BENGALURU AGAINST THE ACCUSED / PETITIONERS FOR THE ALLEGED OFFENCES U/S 186(10) P/U/S 186(13) OF THE COMPANIES ACT, 2013 AND CONSEQUENTLY, DIRECTING ISSUANCE OF THE SUMMONS TO THE PETITIONERS (PRODUCED HEREIN AS ANNEXURE A) AND ETC. THIS PETITION, COMING ON FOR ORDERS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MS. JUSTICE J.M.KHAZI ORAL ORDER Learned counsel for the petitioner has filed memo seeking permission to withdraw the petition as the matter is settled between the parties. Copies of the following documents are also produced: i. Share Purchase and Shareholders Agreement dated 01.09.2014 (annexed to the Complaint as Document No.6) ii. Board Report for the F.Y. 2016-17 (annexed to the Complaint as Document No.9 as part of the consolidated financial statements) - 4 - HC-KAR NC: 2025:KHC:23533 CRL.P No. 1945 of 2023 iii. Board Report for the F.Y. 2017-18 (annexed to the Complaint as Document No.10 as part of the consolidated financial statements) iv. Board Report for the F.Y. 2018-19 (annexed to the Complaint as Document No.11 as part of the consolidated financial statements) 2. In the light of the same, the petition is dismissed as settled out of the Court. 3. In view of the disposal of the petition, pending application/s, if any, stands disposed off, as no separate order is required. Sd/- (J.M.KHAZI) JUDGE KBM List No.: 1 Sl No.: 7