- 1 - HC-KAR NC: 2026:KHC:2416 CRL.P No. 602 of 2024 C/W CRL.P No. 863 of 2022 CRL.P No. 2410 of 2022 AND 1 OTHER IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 14TH DAY OF JANUARY, 2026 BEFORE THE HON'BLE MR. JUSTICE M.NAGAPRASANNA CRIMINAL PETITION NO. 602 OF 2024 C/W CRIMINAL PETITION NO. 863 OF 2022 CRIMINAL PETITION NO. 2410 OF 2022 CRIMINAL PETITION NO. 12566 OF 2022 IN CRL.P No. 602/2024 BETWEEN: SRI. PRAHALAD M., AGED ABOUT 63 YEARS, S/O LATE MADHAVA RAO, NO.31, 11TH MAIN, AREHALLI, AGS LAYOUT, UTTARAHALLI, BENGALURU – 560 061. …PETITIONER (BY SRI. KIRAN S.JAVALI, SENIOR ADVOCATE FOR MISS. MONICA PATIL, ADVOCATE) AND: 1. STATE OF KARNATAKA, BY POLICE INSPECTOR, ECONOMIC OFFENCES WING - CID, BENGALURU – 560 027. 2. STATE OF KARNATAKA, Digitally signed by NAGAVENI Location: High Court of Karnataka - 2 - HC-KAR NC: 2026:KHC:2416 CRL.P No. 602 of 2024 C/W CRL.P No. 863 of 2022 CRL.P No. 2410 of 2022 AND 1 OTHER BY SUBRAMANYAPURA POICE STATION, REPRESENTED BY STATE PUBLIC PROECUTOR, ATTACHED TO THE COURT HIGH COURT OF KARNATAKA, HIGH COURT BUILDING – 560 001. 3. ASHISH SHEELAVANTAR, AGED ABOUT 42 YEARS, R/AT SIRI GARDENIA, FLAT NO.102, BEHIND BIPS SCHOOL, GARDEN SCHOOL ROAD, MANJUNATHA NAGAR, BENGALURU CITY, KARNATAKA – 560 061. 4. SUSHIL KUMAR TOPANNAVAR, NO.101, SIRI GARDENIA, CHIKKALASANDRA, BENGALURU CITY, KARNATAKA – 560 061. …RESPONDENTS (BY SRI. B.N.JAGADEESHA, ADDL. SPP FOR R1 AND R2; SMT. D.N.MAMATHA, ADVOCATE FOR R4; R3 IS SERVED AND UNREPRESENTED) THIS CRL.P IS FILED U/S.482 CR.P.C PRAYING TO QUASH THE COMPLAINT AND FIR IN CR.NO.110/2018 DATED MARCH 20, 2018 (ANNEXURE-C) FOR THE OFFENCE P/U/S 34, 403, 417, 406 AND 420 AND THE CONSEQUENT CHARGE SHEET IN SPL.C.C.NO.2686/2023 ON THE FILE OF THE PRL. CITY CIVIL AND SESSIONS JUDGE AND SPL.COURT FOR KPIDFE ACT 2004 FOR THE OFFENCE P/U/S 403, 406, 417, 420, 120B R/W 24 OF IPC AND SEC.9 OF KARNATAKA PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENT ACT 2004 (ANNEXUER-B) AND ETC., - 3 - HC-KAR NC: 2026:KHC:2416 CRL.P No. 602 of 2024 C/W CRL.P No. 863 of 2022 CRL.P No. 2410 of 2022 AND 1 OTHER IN CRL.P NO. 863/2022 BETWEEN: SRI. PRAHLADA M., AGED ABOUT 61 YEARS, RESIDING AT NO.31, 11TH MAIN ROAD, AREHALLI, AG'S LAYOUT, BENGALURU – 560 061. ...PETITIONER (BY SRI. KIRAN S.JAVALI, SENIOR ADVOCATE FOR MISS. MONICA PATIL, ADVOCATE) AND: 1. THE STATE OF KARNATAKA, BY BANASHANKARI POLICE BENGALURU, (NOW INVESTIGATION BY CID) REPRESENTED BY STATE PUBLIC PROSECUTOR, HIGH COURT OF KARNATAKA, HIGH COURT BUILDING, BENGALURU – 560 001. 2. SRI. P.R.BALAJI, S/O LATE RADHAKRISHNA GUPTA, AGED ABOUT 51 YEARS, RESIDING AT NO.88/77, SHIVARAMKARANTH ROAD, CHIKKAKALASANDRA, BENGALURU – 560 061. ...RESPONDENTS (BY SRI. B.N.JAGADEESHA, ADDL. SPP FOR R1; SRI. B.C.AVINASH, ADVOCATE FOR R2) - 4 - HC-KAR NC: 2026:KHC:2416 CRL.P No. 602 of 2024 C/W CRL.P No. 863 of 2022 CRL.P No. 2410 of 2022 AND 1 OTHER THIS CRL.P IS FILED U/S.482 CR.P.C PRAYING TO QUASH THE PROCEEDINGS IN FIR BEARING CR.NO.73/2018, PENDING BEFORE THE PRINCIPAL CITY CIVIL AND SESSIONS JUDGE, BENGALURU, (CCH-1) (ANNEXURE-A) AT BENGALURU AGAINST THE PETITIONER AND CONSEQUENTLY QUASH THE COMPLAINT DATED 03.03.2018 (ANNEXURE-B) FOR THE OFFENCE P/U/S 34, 403, 406, 420 OF IPC AND SEC.9 OF THE KARNATAKA PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENT ACT, 2004. IN CRL.P NO. 2410/2022 BETWEEN: NARASIMHAMURTHY, S/O PRAHALADA RAO, AGED ABOUT 51 YEARS, NO.101, 19TH CROSS, 20TH MAIN, SMS LAYOUT, 5TH PHASE, BENGALURU – 560 078. ...PETITIONER (BY SRI. KIRAN S.JAVALI, SENIOR ADVOCATE FOR MISS. MONICA PATIL, ADVOCATE) AND: 1. THE STATE OF KARNATAKA, BANASHANKARI POLICE STATION, BENGALURU, REPRESENTED BY STATE PUBLIC PROSECUTOR, HIGH COURT OF KARNATAKA, BENGALURU - 560 001. - 5 - HC-KAR NC: 2026:KHC:2416 CRL.P No. 602 of 2024 C/W CRL.P No. 863 of 2022 CRL.P No. 2410 of 2022 AND 1 OTHER 2. P.R.BALAJI, S/O RADHAKRISHNA, AGED ABOUT 48 YEARS, R/O NO.88/77, SHIVARAMKARANTH ROAD, CHIKKAKALASANDRA, BENGALURU - 560 061. ...RESPONDENTS (BY SRI. B.N.JAGADEESHA, ADDL. SPP FOR R1; SRI. B.C.AVINASH, ADVOCATE FOR R2) THIS CRL.P IS FILED U/S 482 CR.P.C., PRAYING TO QUASH THE ENTIRE PROCEEDINGS IN CR.NO.73/2018 OF BANASHANKARI P.S., BEING INVESTIGATED BY THE 1ST RESPONDENT POLICE, PRESENTLY PENDING ON THE FILE OF THE PRL.CITY CIVIL AND SESSIONS JUDGE, BENGALURU AGAINST THE PETITIONER FOR THE OFFENCE P/U/S 403, 406, 420 R/W 34 OF IPC AND SEC.9 OF THE KARNATAKA PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENT ACT 2004 (KPIDFE ACT). IN CRL.P NO. 12566/2022 BETWEEN: 1. SRI. K.C.NAGARAJ, S/O LATE CHIKKEGOWDA, AGED ABOUT 59 YEARS, NO.9/53, 2ND FLOOR, ’B’ BLOCK, BDA (MIG) FLAT, 2ND STAGE, DOMMALURU, BENGALURU – 560 071. ...PETITIONER (BY SRI. B.V.SHANKARA NARAYANA RAO, SR. ADVOCATE FOR SRI. CHANDRASEKHARA T. A., ADVOCATE) AND: - 6 - HC-KAR NC: 2026:KHC:2416 CRL.P No. 602 of 2024 C/W CRL.P No. 863 of 2022 CRL.P No. 2410 of 2022 AND 1 OTHER 1. STATE OF KARNATAKA, BY BANASHANKARI POLICE, BENGALURU, (NOW INVESTIGATION BY CID). 2. SRI. P.R.BALAJI, S/O LATE RADHAKRISHNA GUPTA, AGED ABOUT 52 YEARS, R/AT NO.99/88, SHIVARAMAKARANTH ROAD, CHIKKALASANDRA, BENGALURU – 560 061. ...RESPONDENTS (BY SRI. B.N.JAGADEESHA, ADDL. SPP FOR R1; SRI. B.C.AVINASH, ADVOCATE FOR R2) THIS CRL.P IS FILED U/S.482 CR.P.C PRAYING TO QUASH THE ENTIRE PROCEEDINGS IN CR.NO.73/2018 PENDING BEFORE THE HON'BLE PRL. CITY CIVIL AND SESSIONS JUDGE, BENGALURU, (CCH-1) REGISTERED BY RESPONDENT NO.1 POLICE, FOR THE OFFENCES ALLEGED UNDER SECTIONS 34, 403, 406 AND 420 OF IPC AND SEC.9 OF THE KARNATAKA PROTECTION OF INTEREST OF DEPOSITORS IN FINANCIAL ESTABLISHMENT ACT, 2004 IN SO FAR AS PETITIONER IS CONCERNED. THESE PETITIONS, COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE M.NAGAPRASANNA ORAL ORDER Heard Sri.Kiran S. Javali, learned Senior Counsel appearing for the petitioners in Cri.P.Nos.602/2024, 863/2022, 2410/2022 and Sri.B.V.Shankaranarayana Rao, learned Senior Counsel appearing for the petitioner in Crl.P.No.12566/2022. - 7 - HC-KAR NC: 2026:KHC:2416 CRL.P No. 602 of 2024 C/W CRL.P No. 863 of 2022 CRL.P No. 2410 of 2022 AND 1 OTHER 2. After arguing the matter at length, the learned Senior Counsels seek leave of this Court to withdraw the petitions with liberty to file applications seeking discharge before the concerned Court. 3. In the light of the aforesaid submissions, the Criminal Petitions are disposed with liberty to urge all the contentions that are now projected before the Concerned Court. 4. In the event, they want to file applications seeking discharge, it is needless to observe that the concerned Court shall consider all aspects and pass necessary orders, in accordance with law. Pending applications, if any, stand disposed. Sd/- (M.NAGAPRASANNA) JUDGE CBC List No.: 1 Sl No.: 9 CT:SS