In Brief
Karl Logistics' directors entered into an investment agreement with Platinum Buildcon for Rs. 1.50 crores. When disputes arose over performance and cheques were dishonoured, Platinum Buildcon filed fraud charges under IPC Sections 406, 420, 467, 471 and 34, and also proceedings under the Negotiable Instruments Act. Later, both parties settled the dispute—Platinum Buildcon received Rs. 87 lakhs plus interest and an additional Rs. 5 lakhs, and both sought to quash the criminal case. The High Court refused, citing defective affidavit and allegations of connived fraud. The Supreme Court held that because the dispute arose from a commercial contract, the matter was still at an initial stage, and both parties had freely settled, the criminal proceedings should be quashed as an exercise of inherent jurisdiction under CrPC Section 482.", <parameter name="cited_cases">[ { "raw_citation": "(2017) 9 SCC 641", "case_name": "Parbatbhai Aahir & Ors. v. State of Gujarat & Anr.", "cited_year": "2017", "paragraph": "7", "treatment": "referred", "treatment_by": "this_court" }, { "raw_citation": "(2012) 10 SCC 303", "case_name": "Gian Singh v. State of Punjab & Anr.", "cited_year": "2012", "paragraph": "7", "treatment": "referred", "treatment_by": "this_court" }, { "raw_citation": "(2014) 6 SCC 466", "case_name": "Narinder Singh & Ors. v. State of Punjab & Anr.", "cited_year": "2014", "paragraph": "7", "treatment": "relied", "treatment_by": "this_court", "treatment_quote": "Law in this behalf is well settled by catena of judgments of this Court including Parbatbhai Aahir & Ors. v. State of Gujarat & Anr., (2017) 9 SCC 641 and Gian Singh v. State of Punjab & Anr., (2012) 10 SCC 303 . We may also quote the following passage from the case of Narinder Singh & Ors. v. State of Punjab & Anr., (2014) 6 SCC 466" } ]
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