In Brief
The court addressed two separate criminal petitions seeking to quash FIRs registered against the petitioner for offences including cheating, criminal breach of trust, and criminal conspiracy. Both cases involved loans from Punjab National Bank where the petitioner and the bank had reached a compromise settlement outside court. The court held that in cases of compoundable criminal offences, when parties reach a bona fide compromise and the State does not contest it, the inherent powers under Section 482 of the Criminal Procedure Code can be invoked to quash the FIR. Applying the precedent from Gian Singh v. State of Punjab, both FIRs were quashed, though the court clarified this did not affect the bank's civil remedies for loan recovery."
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