VISHAL YADAV & ANR. vs THE STATE (GOVT. OF NCT OF DELHI)

Judgment text excerpt

$~88 * IN THE HIGH COURT OF DELHI AT NEW DELHI % Date of decision: 13.10.2025 ,,,,,,,,,, + W.P.(CRL) 335/2024 VISHAL YADAV & ANR. .....Petitioners Through: Mr. Sujeet Beniwal, Mr. Deepak Chillar, Advs. with petitioners in person. versus THE STATE (GOVT. OF NCT OF DELHI)......Respondents Through: Ms. Rupali Bandhopadhya, ASC with Mr. Abhijeet Kumar, Ms. Amisha Gupta, Advs. with SI Lakhan, PS EOW. Mr. Tushar Rohmetra, Adv. for R-2. AR of R-2 through VC. CORAM:- HON'BLE MR. JUSTICE RAVINDER DUDEJA JUDGMENT(ORAL) RAVINDER DUDEJA, J. 1. This is a petition under Article 226 of the Constitution of India read with Section 528 of the Bharatiya Nagarik Suraksha Sanhita, seeking quashing of FIR No. 14/2023, dated 15.02.2023, registered at P.S Economic Offences Wing under Sections 406/420/120B IPC and all proceedings emanating therefrom on the basis of settlement between the parties. W.P.(CRL) 335/2024 Page 1 of 4 Signature Not Verified Digitally Signed By:VAISHALI PRUTHI Signing Date:13.10.2025 19:09:04 2. As per allegations made in the FIR, petitioners induced respondent no. 2’s company to export PVC resin consignments worth USD 1,153,831.25 to Essential Tradexpo Pvt. Ltd. on a 60-day credit term but failed to make payment after receipt.. FIR No. 14/2023 was lodged at the instance of respondent no. 2, at PS Economic Offences Wing under sections 406/420/120B IPC against the petitioner. 3. During the course of proceedings, the parties amicably resolved their disputes and executed a Settlement Agreement dated 30.10.2023. It is submitted that petitioners have paid the total settlement amount of Rs. 51,80,231/- (Rupees Fifty One Lacs Eighty Thousand Two Hundred Thirty One only) equivalent to USD 62,225/- to respondent no. 2 as per the schedule in the settlement. Copy of the Settlement