ASHOK CHATURVEDI vs SHITUL H CHANCHANI

The Supreme Court upheld the High Court's decision to not quash the cognizance of offences under Sections 406, 420, 468, and 120-B IPC against the appellants, who were accused of transferring shares based on forged signatures. The Court found that a prima facie case was established, rejecting the appellants' argument that the dispute was purely civil in nature due to the existence of a claim before the Consumer Forum. The Court emphasized that the inherent jurisdiction under Section 482 of the CrPC should be exercised sparingly, particularly when it could lead to an abuse of the process of court.