STATE OF M.P. vs RAMESHWAR .

The Supreme Court upheld the High Court's decision that the respondents, Directors of the Indore Premier Co-operative Bank, could not be prosecuted under the Prevention of Corruption Act, 1988, or Section 409 IPC as they were not considered 'public servants'. The Court noted that the Loan Committee's role was limited to sanctioning loans based on verification done by the Branch Managers, and no monetary loss was incurred by the Bank as the loan amounts were fully deposited. Consequently, the charges framed against the respondents were set aside, affirming the High Court's ruling.