Jit Endra Kum Ar Alias Dhiraj vs St At E Of Ut T Arakhand on 21 March, 2025
10. The learned counsel for t he applicant s
argued t hat t he ent ire disput e arose out of a financial
t ransact ion, which was not a case of crim inal int ent but
a m isunderst anding regarding t he adm ission process. I t
was furt her subm it t ed t hat t he applicant s didn't gain,
as t he full and final set t lem ent am ount was ret urned t o
t he com plainant . The applicant s also em phasized t hat
no furt her claim s or com plaint s have been m ade by t he
com plainant in t he years following t he set t lem ent ,
reinforcing t hat t he disput e has been effect ively
resolved. Reliance has been placed on t he decision of
t he Hon'ble Suprem e Court in Gian Singh v. St at e of
Punj ab, ( 2012) 10 SCC 303, wherein it was held t hat in
disput es prim arily of civil nat ure involving financial
t ransact ions, t he Court can exercise it s inherent power
under Sect ion 482 Cr.P.C. t o quash proceedings when
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t he part ies have set t led t he m at t er am icably.