Jagtar Singh & Anr vs State Of Punjab & Ors

The Supreme Court held that the amount deposited by Nanak Chand under Section 420 read with Section 120-B IPC was intended to demonstrate bona fides for bail, not as an admission of guilt. The Court ruled that since no settlement had been reached between the parties, the High Court erred in directing the payment of the deposited amount to the complainants. The Court emphasized that the conditional agreement for disbursement was contingent upon a settlement, which had not occurred, thus reversing the High Court's order.