In Brief
The appellant was charged under Section 420 IPC (cheating and dishonestly inducing delivery of property) after his father and he allegedly induced the complainant to deposit money in a company that later failed. The Supreme Court held that the ingredients of Section 420 IPC were not satisfied. While the FIR attributed assurances only to the father (who served as Regional Manager), the appellant merely accompanied him. Cheating requires fraudulent or dishonest intention at the time of inducement, not merely failure to fulfil promises later. The Court allowed the appeal, discharged the appellant, and set aside the orders of the lower courts and High Court.
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