https://www.taxtmi.com/caselaws?id=457309 Serious economic offences involving forgery and cheating in bank loan transactions are not liable to be quashed merely because the accused repaid the dues and obtained no due certificates. Settlement with the banks does not wipe out allegations of deliberate financial fraud with public impact, and the inherent power to quash must be used only where continuation of proceedings would clearly amount to abuse of process. A plea of ignorance, gender-based leniency, or a claimed role as co-applicant or guarantor was insufficient to terminate the prosecution at the quashing stage. The burden on the criminal justice system and a possible acquittal also did not justify stopping a prosecution for grave economic offences. The quashing order was set aside and the trial was directed to proceed. en-us Tue, 15 Sep 2015 00:00:00 +0530 Sat, 21 Dec 2024 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457309 Serious economic offences involving forgery and cheating in bank loan transactions are not liable to be quashed merely because the accused repaid the dues and obtained no due certificates. Settlement with the banks does not wipe out allegations of deliberate financial fraud with public impact, and the inherent power to quash must be used only where continuation of proceedings would clearly amount to abuse of process. A plea of ignorance, gender-based leniency, or a claimed role as co-applicant or guarantor was insufficient to terminate the prosecution at the quashing stage. The burden on the criminal justice system and a possible acquittal also did not justify stopping a prosecution for grave economic offences. The quashing order was set aside and the trial was directed to proceed. Case-Laws Indian Laws Tue, 15 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457309