SH. SURENDER KUMAR GARG vs STATE OF U.P.

The Supreme Court upheld the conviction of the appellant under Sections 419, 420, 468, and 471 of the IPC for cheating and forgery, while setting aside the conviction under Section 120-B IPC. The Court noted that the appellant had established a fake firm to obtain a loan from the U.P. Small Industries Corporation, which constituted a clear case of fraud. However, considering the long passage of time since the offence and the appellant's prior incarceration, the Court reduced the sentence to the period already undergone and imposed a fine of Rs. 2,000.