Anil Bhavarlal Jain vs The State Of Maharashtra
Judges (2)
Case Significance
Anil Bhavarlal Jain vs The State Of Maharashtra is a Supreme Court of India decision dated December 20, 2024 (citation: insc-2024-1039). The Supreme Court dismissed the appeals seeking quashing of an FIR registered by CBI for offences under Sections 409, 420, and 120B IPC along with the Prevention of Corruption Act, involving a Rs. 50 crore bank loan fraud. The appellants, directors of Sun Infrastructure Pvt. Ltd. and bank employees, challenged the Bombay High Court's refusal to quash the criminal proceedings under Section 482 CrPC. The Court held that since approximately Rs. 6.13 crores was lost from the public exchequer and The bench comprised Justices Prasanna B. Varale and Vikram Nath. The judgment was delivered by Justice Prasanna B. Varale.
Summary
The Supreme Court dismissed the appeals seeking quashing of an FIR registered by CBI for offences under Sections 409, 420, and 120B IPC along with the Prevention of Corruption Act, involving a Rs. 50 crore bank loan fraud. The appellants, directors of Sun Infrastructure Pvt. Ltd. and bank employees, challenged the Bombay High Court's refusal to quash the criminal proceedings under Section 482 CrPC. The Court held that since approximately Rs. 6.13 crores was lost from the public exchequer and the PC Act was invoked, quashing would have grave impact on society.
What was the outcome of Anil Bhavarlal Jain vs The State Of Maharashtra?
The Supreme Court dismissed the appeals seeking quashing of an FIR registered by CBI for offences under Sections 409, 420, and 120B IPC along with the Prevention of Corruption Act, involving a Rs. 50 ...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (insc-2024-1039)