https://www.taxtmi.com/caselaws?id=172730 The SC held that criminal proceedings cannot be quashed under inherent jurisdiction merely because bank dues were repaid or the bank dispute was settled, where the charge-sheet disclosed a prima facie serious economic offence. Allegations of conspiracy, forgery, cheating, use of false documents, fictitious invoices and fabricated machinery records showed an organised scheme to obtain finance, divert funds and claim depreciation on non-existent machinery. The Court reiterated that Section 482 CrPC must be used sparingly and only where no offence is disclosed or continuation would be an abuse of process. Repayment of financial loss did not erase the broader alleged criminality or the injury to the public exchequer. en-us Fri, 06 May 2011 00:00:00 +0530 Wed, 22 May 2019 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172730 The SC held that criminal proceedings cannot be quashed under inherent jurisdiction merely because bank dues were repaid or the bank dispute was settled, where the charge-sheet disclosed a prima facie serious economic offence. Allegations of conspiracy, forgery, cheating, use of false documents, fictitious invoices and fabricated machinery records showed an organised scheme to obtain finance, divert funds and claim depreciation on non-existent machinery. The Court reiterated that Section 482 CrPC must be used sparingly and only where no offence is disclosed or continuation would be an abuse of process. Repayment of financial loss did not erase the broader alleged criminality or the injury to the public exchequer. Case-Laws Indian Laws Fri, 06 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172730