K. S. GUPTA ( 1 ) IN this petition under section 482 Criminal Procedure Code the petitioner seeks quashment of complaint and proceedings taken out thereunder against him. ( 2 ) COMPLAINT was filed by Escorts Finance Ltd, respondent on 12th October 1999 against the petitioner-accused, interalia, alleging that it is a Non banking Financial Institution and engaged in the field of hire- purchase / leasing of plant and machinery, fixed deposits, inter-corporate deposits and bill discounting facility etc. The petitioner joined as an Assistant on 24/05/1995 at New Delhi and he continued in the employment of respondent till 1/12/1998 on which date he was relieved from the services of company. Then he was working as Executive and posted in Hyderabad. In the course of employment petitioner was authorised to receive payments from the customers and issue receipts to them on Behalf of company. Amounts received by the petitioner either through cheque or cash on behalf of company were to be deposited in the Company s account with Bombay Mercantile Co-operative bank Ltd, Hyderabad branch. It is further alleged that petitioner received Rs. 12,000- vide receipt dated 15/09/1998 from Chandra Business Corporation, rs. 48,800. 00 vide receipt dated 14/09/1998 from Sree sai Ram Enterprises and Rs. 25,450. 00 vide receipt dated 14/09/1998 from Goshamal Service Station, totalling rs. 86,250. 00 on behalf of company. Out of this amount he deposited only Rs. 6,250. 00 in the account of company with the said bank and balance amount of Rs. 80,000. 00 was dishonestly misappropriated by him. Again on 13/10/1998 the petitioner received in cash amount of Rs. 43,000. 00 from k. Venkat Reddy. Out of this amount he deposited Rs. 3,000. 00 and sum of Rs. 40,000. 00 was dishonestly misappropriated by him. It is also alleged that all records of the company are maintained at the head office at New Delhi. As per procedure, the counterfoils, statements alongwith transaction analysis are sent to head office at New Delhi. The petitioner sent the relevant papers to the head office at New Delhi with fictitious entries and also forged statement of accounts issued by the bank. Misappropriation of total amount of Rs. 1,20,000. 00 by the petitioner was detected in the month of May 1999 at the time of audit of company s accounts by Sanjeev Sahansarwal. The petitioner sent the relevant papers to the head office at New Delhi with fictitious entries and also forged statement of accounts issued by the bank. Misappropriation of total amount of Rs. 1,20,000. 00 by the petitioner was detected in the month of May 1999 at the time of audit of company s accounts by Sanjeev Sahansarwal. It was prayed that petitioner be prosecuted and punished for the offences committed by him in accordance with law. ( 3 ) SANJEEV Sahansarwal, Manager of respondent company as CW-3 has substantiated the allegations made in complaint. ( 4 ) BY the order dated 24/10/2000 the petitioner was summoned to face trial for the offences under sections 408, 420, 468 and 471 Indian Penal Code by the Metropolitan Magistrate seized of the complaint. ( 5 ) PETITIONER has sought quashment of the complaint and proceedings taken out thereunder mainly on two grounds - (i) courts at Delhi have no territorial jurisdiction in the matter as no part of offence was committed within the jurisdiction of Delhi and (ii) allegations made in the complaint, even if read as a whole, do not disclose commission of offences for which petitioner has been summoned. To meet the objection regarding Delhi courts having no territorial jurisdiction, Sh. Jitendra Saini for respondent company has invited my attention to sub ection (4) of Section 181 Criminal Procedure Code. According to him, all records of company were/are maintained at the head office in New Delhi and as per procedure, the counterfoils, statements alongwith transaction analysis were to be sent from Hyderabad to the head office of company by the petitioner as also pleaded in para No. 12 of complaint which averment is supported by the deposition of Sanjeev Sahansarwal, CW-3 examined by way of pre-summoning evidence. Reliance was placed on the decisions in Trisuns Chemical Industry vs. Rajesh Agarwal and others, 1999 CRI. L. J. 4325; K. Ramakrishna Reddy and others vs. K. Padmavathi and another. 2001 CRI. L. J. 3424; Jahangir joiya vs. State of Rajasthan and another, 1999 CRI. L. J. 154 and Rajaram Pattnaik vs. Indian Metal and Ferro Alloys limited. 1996 CRI. L. J. 732. In Jahangir Joiya and Rajaram pattnaik s cases (supra) it was held that in terms of section 181 (4) Criminal Procedure Code. 2001 CRI. L. J. 3424; Jahangir joiya vs. State of Rajasthan and another, 1999 CRI. L. J. 154 and Rajaram Pattnaik vs. Indian Metal and Ferro Alloys limited. 1996 CRI. L. J. 732. In Jahangir Joiya and Rajaram pattnaik s cases (supra) it was held that in terms of section 181 (4) Criminal Procedure Code. the accused can be prosecuted in a court within whose jurisdiction (a) the offence was committed; or (ii) any part of the property was received or retained; or (iii) any property or part of the property was required to be returned or accounted for by the accused. Since the petitioner was to account for the payments received by him at the head office of company at New Delhi as alleged in complaint the courts at Delhi have the territorial jurisdiction to try the petitioner for the offences allegedly committed by him. That apart, criminal proceedings cannot be quashed on the ground of lack of territorial jurisdiction by a Magistrate who has taken cognizance of the offence in exercise of inherent power under section 482 Criminal Procedure Code. as rightly held in K. Ramakrishna reddy s case (supra ). ( 6 ) GROUND (ii) above, deserves to be repelled being without any merit as the allegations made in complaint supported by the statement of CW-3 clearly disclose commission of cognizable offences by the petitioner. ( 7 ) CONSEQUENTLY, the petition is dismissed.