A bench of Justice Dipak Misra and Vikramajit Sen of Supreme
Court of India in its decision on 19th September 2014 in the case of ‘State of
Maharashtra through CBI va Vikram Anantrai Doshi’ Criminal Appeal No. 2048/2014
held that even if the accused who had obtained the loan by fraud, has repaid
the loan and even if the bank has given No Dues certificate to him, still this
can not be a ground to quash criminal proceedings against him by High court by
exercising inherent power under Section 482 of Code of Criminal Procedure. The
court held that financial fraud of such nature goes beyond personal or private
wrong. It is a wrong against the society and its consequences are serious.
Click below for Full Text of the Judgment.
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