https://www.taxtmi.com/caselaws?id=305588 Criminal proceedings for alleged banking fraud, forgery and diversion of funds could not be quashed merely because the borrower and bank settled the dues and a no dues certificate was issued. The governing principle is that inherent power to quash must be used to prevent abuse of process or secure justice, but not where the allegations disclose serious economic offences with wider societal impact. Because the complaint involved fictitious entities, forged documents and dishonest diversion of bank funds, the matter was not a private loan dispute and compromise did not make conviction remote. The quashing order was therefore set aside and the trial directed to continue. en-us Fri, 19 Sep 2014 00:00:00 +0530 Tue, 13 Dec 2022 17:52:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305588 Criminal proceedings for alleged banking fraud, forgery and diversion of funds could not be quashed merely because the borrower and bank settled the dues and a no dues certificate was issued. The governing principle is that inherent power to quash must be used to prevent abuse of process or secure justice, but not where the allegations disclose serious economic offences with wider societal impact. Because the complaint involved fictitious entities, forged documents and dishonest diversion of bank funds, the matter was not a private loan dispute and compromise did not make conviction remote. The quashing order was therefore set aside and the trial directed to continue. Case-Laws Indian Laws Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305588