M/S Wealth Clinic Private Limited and Anr. v. State of NCT of Delhi and Anr.

1. Petitioners herein seek quashing of FIR No. 44/2019 dated 08.02.2019, registered at Police Station Hauz Khas, for commission of offences under Sections 420/409/468/471/120B IPC, along with all consequential proceedings arising therefrom, on the basis of compromise arrived at between the parties.

2. Respondent No. 2-Mr. Amit Gulati, who is settled in Australia, has joined the proceedings through video-conferencing. He has been duly identified by his counsel as well as by I.O. who is present in Court.

3. Aforesaid FIR was registered on basis of complaint made by Mr. Amit Gulati, who was induced to invest an amount of Rs. 62,50,000/-. He was promised a residential unit/villa by the Petitioners who were acting as facilitators. Since there was delay in delivery of possession by the developer/promoter, the complainant, feeling cheated, lodged FIR.

4. The case is at the initial stage and chargesheet has not been filed. CRL.M.C. 5443/2026 2

5. When asked, complainant submitted that the matter has been amicably settled. Memorandum of Understanding (MoU) dated 15.04.2026 has also been placed on record which is signed by petitioners and complainant. Complainant acknowledges that the settlement dated 15.04.2026 bears his signature and he has also submitted an affidavit giving his no objection for quashing of FIR.

6. As per MoU, complainant has received the entire settlement amount of Rs. 62,50,000/- and nothing is outstanding from the petitioners and, therefore, he has given his consent for quashing of the present FIR and the criminal proceedings arising out therefrom.

7. Complainant reiterates the terms of settlement and while acknowledging receipt of settlement amount, he states that settlement has been arrived at voluntarily and without any pressure, coercion or inducement from any corner whatsoever.

8. In view of the settlement arrived at between the parties, continuing with criminal proceedings would serve no useful purpose. Moreover, the offence is compoundable in nature.

9. Accordingly, exercising inherent powers vested in this Court under Section 528 of the BNSS, it is deemed appropriate to quash the instant FIR.

10. Consequently, to secure the ends of justice, FIR No. 44/2019 dated 08.02.2019, registered at Police Station Hauz Khas, for commission of offences under Sections 420/409/468/471/120IPC, along with all consequential proceedings arising therefrom, is hereby, quashed, subject to petitioners depositing total cost of Rs. 50,000/- in equal shares with Delhi High Court Legal Services Authority within two weeks from today. Original affidavits and MoU of the parties, copies of which have been placed on record CRL.M.C. 5443/2026 3 in the present proceedings, shall be submitted to concerned SHO/IO within four weeks from today.

11. The petition stands disposed of in aforesaid terms.

JUDGE JULY 31, 2026/nr/sk