On false complaint admission cancelled and false FIR registered

Sir,How many time it will Take To settle the case...My case goes like this.... I was a Student activist Of My University, During Admission period last year i was Falsely victimized by my Opponent student party for doing The admission of 4 students with Fake extraa curricular certificate before the Student Parliament board election..and had complaint...the DC and He Had set a inquiry board....and the Opponent student body influence the Cancelled admission students to give a case against me,,for which A case is registered against me and my Two other friend under section IPC 420 And 460... 7 students were there those admission were cancelled....Now All Of Them Want to close The case..The Case is pending,and i am Not Arrested and had not Taken Bail since...Whats the procedure and how many time it will take....Or shall I play The case??