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2020 (1) TMI 1421 - SC - Indian LawsFinancial irregularities on the basis of forged documents by misusing his post and by providing fake loan to the relatives - cash credit limit was sanctioned without following the due procedure and without mortgage of any of the property - offences under Sections 420 and 120-B IPC - HELD THAT:- The High Court has examined the entire issue as to whether the offence under Sections 420 and 120-B is made out or not at pre trial stage. The respondents are beneficiary of the grant of cash credit limit when their father was the President of the Bank. The power under Section 482 of the Code of Criminal Procedure, 1973 cannot be exercised where the allegations are required to be proved in court of law. The manner in which loan was advanced without any proper documents and the fact that the respondents are beneficiary of benevolence of their father prima facie disclose an offence under Sections 420 and 120-B IPC. The order of the High Court quashing the charges against the respondents is not sustainable in law and the same is set aside - Appeal allowed.
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