Supreme Court of India
N.S. Gnaneshwaran Etc. v. The Inspector of Police & Anr.
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What the Court ordered
In view of the above discussion, we find it appropriate to quash the proceedings pending in C.C. No. 16 of 2006 against the appellants herein.
Judgment, page 6
From the headnote
Issue for Consideration Whether the criminal proceedings against the appellants for offences u/s.120B r/w ss.420, 468, 471, Penal Code, 1860 and u/s.13(2) r/w s.13(1)(d), Prevention of Corruption Act, 1988 ought to be quashed. Headnotes† Code of Criminal Procedure, 1973 – s.482 – FIR on the basis of complaint filed by the respondent no.2-Bank against the appellants alleging that the accused persons caused wrongful loss of Rs.25.89 lakhs to the Bank – In identical cases on the same set of transactions, a settlement was arrived at between the principal accused and the Bank – Appellants sought
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