Jaswant Singh, J.@mdashPrayer is u/s 482 Cr.PC for quashing of FIR No. 318 dated 8.7.2010 under Sections 406 and 420 of Indian Penal Code registered with Police Station Sadar Ambala on the basis of compromise dated 26.10.2010(P2) arrived at between the accused-Petitioners and the complainant.
2. As per allegations in the FIR, Vijay Kumar was working as Accountant with the complainant firm-M/s Modern Automobiles and on 7.7.2010 he along with driver Karamjit went to ICICI Bank Branch Ambala for depositing a sum of Rs. 2,40,000/-in the account of the firm. Vijay Kumar handed over aforesaid sum of Rs. 2,40,000/-to the Petitioner No. 1-Ramandeep Kaur for depositing the same in the account of the firm. She took the money and on asking of receipt of the same by said Vijay Kumar employee of the complainant firm, Petitioner No. 1-teller at the bank stated that the amount was taken back by the companion of Vijay Kumar. VijayKumar denied having any companion or received back the amount. Thereafter Vijay Kumar along with other senior officials of his office informed the police and got the present FIR registered.
3. Upon notice of motion, Madhu Sudan Vij son of H.L. Vij, Proprietor Modern Automobiles, Ambala has appeared in the court. He has been identified by his counsel. He has also filed his affidavit whereby he has stated that his Firm-Modern Automobiles has received a sum of Rs. 2.40 lacs from the ICICI Bank-complainant and he has no objection if the present FIR and all the proceedings emanating therefrom are quashed.
4. His statement has also been separately recorded.
5. Learned State Counsel on instructions from ASI Dharam Pal is unable to raise any serious objection in view of the statement recorded in terms of the aforesaid compromise whereby the complainant-Firm is not willing to pursue the present case against the Petitioners.
6. Hon''ble Supreme Court in 
7. A Full Bench of this Court in Kulwinder Singh and Ors. v. State of Punjab and Anr. 2007(3) RCR 1052 has held that this Court, in appropriate cases, while exercising powers u/s 482 Cr.P.C., may quash an FIR disclosing the commission of non-compoundable offences. The relevant extracts read as under:
The only inevitable conclusion from the above discussion is that there is no statutory bar under the Cr.P.C., which can affect the inherent power of this Court u/s 482. Further, the same cannot be limited to matrimonial cases alone and the Court has the wide power to quash the proceedings even in non-compoundable offences notwithstanding the bar u/s 320 of the Cr.P.C., in order to prevent the abuse of law and to secure the ends of justice.
8. Hon''ble Apex Court in another case in 
9. Similar views were expressed by Hon''ble the Apex Court in 
We need to emphasise that it is perhaps advisable that in disputes where the question involved is of a purely personal nature, the court should ordinarily accept the terms of the compromise even in criminal proceedings as keeping the matter alive with no possibility of a result in favour of the prosecution is a luxury which the courts, grossly overburdened as they are, cannot afford and that the time so saved can be utilised in deciding more effective and meaningful litigation. This is a common sense approach to the matter based on ground of realities and bereft of the technicalities of the law.
10. Keeping in view the above settled legal position and taking into account the fact that both the parties have desired to live in peace and harmony and carry on with their lives without any ill will or rancour by resolving their differences and entering into the aforesaid compromise, it is evident that it is a fit case where there is no legal impediment in the way of the Court to exercise its inherent powers u/s 482 Cr.P.C., for quashing of the FIR in the interest of justice.
11. Accordingly, the present petition is allowed and FIR No. 318 dated 8.7.2010 under Sections 406 and 420 of Indian Penal Code registered with Police Station Sadar Ambala as well as the subsequent proceedings arising therefrom are quashed against the Petitioners.