India, June 20 -- The Bombay high court on Wednesday quashed a first information report (FIR) against city-based businessman Nishit Patel who was accused of instigating the suicide of his friend. Patel's wife had loaned Rs.25 lakh to the deceased, who owned a shop in Bandra, and Patel was named in the FIR as the suicide note mentioned him pressuring the deceased to pay the interest.

Patel, a manufacturer of electrical control panels for over 20 years, had approached the court after the Khar police filed a chargesheet against him based on the suicide note and a statement of the deceased's employee.

Patel and his family had good relations with the family of the deceased, who had been running a shop in Bandra selling household articles for...