4.
(SC) 03-10-2024
A. Code of Criminal Procedure, 1973 (2 of 1974), Section 482 -- Indian Penal Code, 1860 (45 of 1860), Section 120-B, 420, 468, 471 -- Prevention of Corruption Act, 1988 (49 of 1988), Section 13(2), 13(1)(d) – Cheating and forgery – Corruption case – Compromise quashing of FIR -- Matter compromised between the borrowers and the Bank -- Upon payment of the amount under the OTS, the loan account of the borrower has been closed -- Only question would be, as to whether the continuation of the criminal proceedings against the present appellants would be justified or not -- In Special Leave Petition (Criminal) No.4353 of 2018, it was held that when the matter has been compromised between the borrower and Bank, the continuation of the criminal proceedings would not be justifiable – Criminal proceedings quashed.
(Para 3, 14-17)
B. Code of Criminal Procedure, 1973 (2 of 1974), Section 482 -- Compromise quashing of FIR – Matrimonial dispute – Financial matters -- In the matters arising out of commercial, financial, mercantile, civil, partnership or such like transactions or the offences arising out of matrimony relating to dowry, etc. or family disputes where the wrong is basically private or personal in nature and the parties have resolved their entire dispute, the High Court should exercise its powers under Section 482 CrPC for giving an end to the criminal proceedings.
(Para 15)