Same-Day Loan Sanction Not Illegal in Absence of Prohibitory Rule: Chhattisgarh HC

Indrajeet Singh Solanki Vs Union of India (Chhattisgarh High Court)

Chhattisgarh High Court held that there is no illegality or irregularity in sanctioning loans on the same day since no rule prohibited such sanction. The prosecution has not established any dishonest intention on the part of the Branch Manager at the time of sanctioning the loan.

Facts- The present appeals under Section 374(2) of the Code of Criminal Procedure have been preferred assailing the judgment of conviction and order of sentence dated 31.07.2007 passed by the learned Special Judge,

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