R. KALYANI vs JANAK C. MEHTA .

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 inherent jurisdiction under Section 482 CrPC by delving into disputed facts before the investigation was complete. The Court emphasized that vicarious liability applies to high-ranking officers in a company when they are in charge of its affairs, and the quashing of the FIR was inappropriate as it involved serious allegations of forgery and cheating. The appeal was allowed, reinstating the FIR and the investigation against the respondents.