Prudential Capital Mkt. Ltd. And Anr. vs State Of Bihar And Ors.

The Supreme Court dismissed the Special Leave Petition challenging the continuation of criminal proceedings under Sections 420 and 120B IPC, as well as Section 138 of the Negotiable Instruments Act. The Court held that there is no provision in the Reserve Bank of India Act that prohibits the continuation of criminal proceedings, clarifying that Section 58(E) only bars cognizance of offences under the Act but does not affect the powers of criminal courts. The Court declined to interfere with the High Court's order, emphasizing the lack of shown provisions for staying the proceedings.