https://www.taxtmi.com/caselaws?id=101879 Employees of nationalised banks were treated as public servants under clause (12)(b) of section 21 of the Indian Penal Code, 1860 for purposes of the Prevention of Corruption Act, 1947. The analysis read section 2 of the Corruption Act with the Banking Regulation Act, including sections 46A and 51, and held that the limited deeming provision for Chapter IX of the Penal Code did not exclude the wider statutory definition. A harmonious construction of the banking statutes and the Penal Code avoided an anomalous difference between Penal Code liability and corruption prosecution, so the challenge to prosecution failed. en-us Thu, 03 Nov 1988 00:00:00 +0530 Sat, 11 Feb 2012 13:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101879 Employees of nationalised banks were treated as public servants under clause (12)(b) of section 21 of the Indian Penal Code, 1860 for purposes of the Prevention of Corruption Act, 1947. The analysis read section 2 of the Corruption Act with the Banking Regulation Act, including sections 46A and 51, and held that the limited deeming provision for Chapter IX of the Penal Code did not exclude the wider statutory definition. A harmonious construction of the banking statutes and the Penal Code avoided an anomalous difference between Penal Code liability and corruption prosecution, so the challenge to prosecution failed. Case-Laws Companies Law Thu, 03 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101879