Whether i should go for quashing fir or go for regular bail?

Taking regular bail won't take away your right to file for quashing FIR in the HC. If you have good grounds then go for quashing too.

If you have the time do go in for quashing, with such observations there is good hope in the High Court, the court can quash the FIR qua you atleast, following which you can institute counter criminal cases against them.

AB protects u from ARREST, investigation n other process goes on

FIR quash drops ur name from any further proceedings.

You can file for Quash depending on Merits.

FIR Quashing timing has nothing to do Bail or no Bail.

Remember that if Quash is partial Quash, your harassment will still continue as Trial court will keep you on with process of Trial for those sections which are NOT Quashed. So be very clever while you file for Quash of FIR.

You get regular bail from Trial Court only once Chargesheet is filed so then you need to go for Chargesheet Quash (which is better as then Police does not have option of build on the FIR while submitting their Investigation Report).

Till CS is filed, you can go for FIR Quashing and post that you can go for CS Quashing and after Charge Framing you can still go for CS Quash (Chances become from 5% to less than 0.005%).

You being Mentally depressed is what other party wants. Dont help them.