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Showing contexts for: Binance in Sandeep Jhaveri vs The State Of Maharashtra And Anr on 1 July, 2025Matching Fragments
5) It is the case of the Applicant that there were Consent Terms executed between the Applicant and the Complainant, pursuant to which, the amount as mentioned in the consent terms has been paid by the Applicant to the Complainant, being an amount of Rs.18 lacs. The Complainant had agreed to give no objection for quashing the FIR and had mentioned the same in the Consent Terms. After accepting the amount as mentioned in the Consent Terms of Rs.18 lacs, the Respondent No.2 is now trying to take advantage of the situation and going back from his promise. It is further submitted on behalf of the Applicant that, the cryptocurrency is investment business and the Complainant was aware about the risk involved. It was an investment plan, which was well explained to the Complainant. The amount of the Complainant was invested in the market and as there was downfall and there were losses to the Complainant. The amount which was invested by the Complainant, got stolen from the wallet of Binance account.