Criminal Proceedings Quashed After Full OTS Settlement & Parity: SC

N.S. Gnaneshwaran Etc. Vs Inspector of Police & Anr. (Supreme Court of India) The appeals arose from an order of the Madurai Bench of the Madras High Court dismissing petitions filed under Section 482 CrPC seeking quashing of criminal proceedings for offences under Section 120B read with Sections 420, 468 and 471 IPC and the Prevention of Corruption Act, 1988. The proceedings originated from an FIR registered on the basis of a complaint by a bank alleging wrongful loss of Rs. 25.89 lakh, resulting in a charge sheet against nine accused, including the appellants. The allegations against the...