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HC quashed the impugned order accepting the 'C' Summary Report without judicial application of mind. The court held that the Magistrate was duty-bound to critically examine the report, either accept/reject it, take cognizance of the offence, issue process, or direct further investigation under Section 156. The matter was remanded to the Additional Chief Metropolitan Magistrate for fresh consideration, mandating proper judicial scrutiny and adherence to procedural safeguards in evaluating the money laundering case documentation.