https://www.taxtmi.com/caselaws?id=760613 SC quashed criminal proceedings against appellant-bank for alleged violations of IPC provisions including sections 420, 405, 409, and others. Court held that FIR failed to establish essential ingredients for charged offences including fraudulent inducement, criminal breach of trust, and mens rea. Bank's inadvertent error in ignoring restraint orders regarding lockers and accounts did not constitute criminal offence. No entrustment of property or dishonest misappropriation proven. Case fell under categories warranting quashing per Bhajan Lal precedent to prevent undue hardship. en-us Tue, 22 Oct 2024 00:00:00 +0530 Thu, 16 Jan 2025 17:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760613 SC quashed criminal proceedings against appellant-bank for alleged violations of IPC provisions including sections 420, 405, 409, and others. Court held that FIR failed to establish essential ingredients for charged offences including fraudulent inducement, criminal breach of trust, and mens rea. Bank's inadvertent error in ignoring restraint orders regarding lockers and accounts did not constitute criminal offence. No entrustment of property or dishonest misappropriation proven. Case fell under categories warranting quashing per Bhajan Lal precedent to prevent undue hardship. Case-Laws Income Tax Tue, 22 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760613