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Issues: Whether the FIR for cheating, criminal breach of trust and criminal conspiracy should be quashed on the basis of a settlement between the parties and whether costs should be imposed.
Analysis: The parties placed the settlement on record and stated that it was arrived at voluntarily, without threat, pressure, coercion or undue influence. The complainant parties expressed satisfaction with the allotment and stated that they had no objection to quashing of the FIR. The Court found that continuance of the criminal proceedings would serve no fruitful purpose and that quashing the proceedings would secure peace and the ends of justice. The Court also noted that police and judicial time had been consumed and that the matter had proceeded to the stage of filing of chargesheet, warranting imposition of costs.
Conclusion: The FIR was quashed on the basis of compromise, and the petition was allowed with costs imposed on the petitioners.