In Brief
A senior employee of a partnership firm engaged in manufacturing was convicted of conspiracy, cheating a bank, and forgery after submitting fabricated transport receipts and invoices to obtain unauthorized credit facilities amounting to Rs. 18,57,064. The Supreme Court confirmed the conviction but modified the sentence from two years to one year rigorous imprisonment on the ground that the appellant was a salaried employee occupying a lower position in the conspiracy hierarchy, while confirming guilt was proven beyond reasonable doubt through documentary and oral evidence.
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