https://www.taxtmi.com/caselaws?id=759539 A commercial loan dispute settled through an OTS and closure of the loan account may justify quashing of criminal proceedings under the High Court's inherent jurisdiction where the dispute is essentially private and continuation of prosecution serves no useful purpose. The Court stated that, in commercial, financial and mercantile matters fully resolved by the parties, the prospect of conviction may become remote and bleak, making further prosecution oppressive and prejudicial. On that reasoning, the criminal case was terminated and the impugned orders were set aside. en-us Thu, 03 Oct 2024 00:00:00 +0530 Fri, 04 Oct 2024 08:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759539 A commercial loan dispute settled through an OTS and closure of the loan account may justify quashing of criminal proceedings under the High Court's inherent jurisdiction where the dispute is essentially private and continuation of prosecution serves no useful purpose. The Court stated that, in commercial, financial and mercantile matters fully resolved by the parties, the prospect of conviction may become remote and bleak, making further prosecution oppressive and prejudicial. On that reasoning, the criminal case was terminated and the impugned orders were set aside. Case-Laws Indian Laws Thu, 03 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759539