Criminal proceedings against accused having business relation with borrower quashed after one-time settlement

Apresh Garg And Another Vs Union of India And 3 Others (Allahabad High Court) Allahabad High Court held that after one time settlement of loan between borrowers and guarantor with bank, the criminal proceedings against accused [who is neither borrower nor guarantor] having business relation with borrower is liable to be quashed. Facts- The instant application U/s 528 of Bharatiya Nagarik Suraksha Sanhita, 2023 has been preferred by the applicant-Apresh Garg with a prayer to quash the charge-sheet dated 31.01.2024, cognizance / summoning order dated 19.11.2024 under Section 120-B read with 420 ...