In Brief
Two women partners in Clarion Travels were criminally charged alongside others for alleged loan fraud and conspiracy at a bank in 1998. However, the company later settled all outstanding dues with the bank through a One-Time Settlement in 2011. The appellants sought to quash the pending criminal proceedings. The Supreme Court held that where a civil/commercial dispute underlying criminal charges has been fully resolved through settlement, continuation of criminal proceedings would cause great oppression with minimal conviction prospects. The Court allowed the appeals and quashed all criminal proceedings against the appellants.
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