RANCHI, India, April 3 -- Jharkhand High Court issued the following order on March 4:

Heard the learned counsel for the respective sides.

In this application the petitioners have prayed for quashing of the entire criminal proceedings in connection with RC 093201750006 registered u/s 420 r/w Section 120B of the I.P.C. and u/s 3/6 of the Prize, Chits and Money Circulation (Banning) Act, 1978 as well as Section 45(S) of F.B.I. Act, 1934, pending in the Court of learned Special Judge, CBI-cum-Special Judge, PMPLA at Ranchi.

It has been submitted by the learned counsel for the petitioners that the petitioners No. 3 and 4 were merely the Directors of M/s Prayag Infotech Hi Rise Ltd. and M/s Prayag Infotech Network Pvt. Ltd. and no documentar...