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Issues involved:
1. Stay of criminal case proceedings pending civil suit 2. Dropping of criminal proceedings 3. Interpretation of MOU dated 7.12.1996 Analysis: Stay of criminal case proceedings pending civil suit: The High Court directed the petitioners to approach the trial court for a stay of proceedings of a criminal case pending a civil suit without prejudice to their rights and contentions. The order was made in consideration of the nature of issues brought before the Court and the Memorandum of Understanding (MOU) recorded between the parties on 7.12.1996. The petitioners were instructed to seek appropriate relief from the Metropolitan Magistrate concerned, who would decide on the application in accordance with the law. Dropping of criminal proceedings: In addition to seeking a stay of the criminal case proceedings, the petitioners were also allowed to approach the Metropolitan Magistrate for dropping the criminal proceedings in view of the MOU dated 7.12.1996. The High Court emphasized that the petitioners should present their application to the Magistrate, who would make a decision based on the law. Interpretation of MOU dated 7.12.1996: The judgment highlighted the significance of the MOU dated 7.12.1996 in the context of the petitioners' requests for a stay of criminal case proceedings and dropping of criminal proceedings. The Court considered the MOU as a relevant factor in directing the petitioners to seek relief from the Metropolitan Magistrate, ensuring that the rights and contentions of all parties were preserved. Overall, the High Court's decision provided a procedural framework for the petitioners to address the issues of staying criminal case proceedings and potentially dropping the criminal proceedings, with a specific reference to the MOU dated 7.12.1996 as a guiding factor in the resolution of the legal matters at hand.
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