Developer Faces Multiple FIRs Under Sections 420, 467, 468, 471 IPC for Collecting Funds Without Land Acquisition

HC dismissed writ petition seeking quashing of multiple FIRs filed under Sections 420, 467, 468 and 471 IPC. Petitioner collected substantial funds from prospective flat buyers without acquiring land for construction, violating RERA regulations. Investigation revealed petitioner misappropriated buyers' funds to purchase personal properties. Court determined prima facie evidence of fraudulent intent and deceptive inducement from transaction inception. Despite contractual nature of relationships, criminal charges were upheld due to distinct transactions warranting separate FIRs. Court found sufficient grounds to maintain criminal proceedings for cheating and forgery, rejecting petitioner's challenge to FIR validity. .....

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