R. Kalyani vs Janak C. Mehta & Ors

The Supreme Court held that the High Court erred in quashing the FIR under Sections 409, 420, and 468 IPC, as it improperly exercised its jurisdiction under Section 482 CrPC by delving into disputed facts before the investigation was complete. The Court emphasized that vicarious liability could apply to high-ranking officers in a company for offenses committed in the course of their duties. The appeal was allowed, reinstating the FIR and the investigation against the respondents.