Saturday, September 13, 2025

Business Transactions and Criminal Proceedings under S.420 of IPC : Supreme Court Quashes the Case

Business Transactions and Criminal Proceedings under S.420 of IPC : Supreme Court Quashes the Case

In case of Thermax Ltd v. K.M. Johny [2011] GCtR 4630 (SC), after explaining the ingredients of S.420 of IPC, the criminal proceedings were quashed. In this case, the criminal proceedings were initiated in respect of certain business transactions. 

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