State Of Punjab vs Pritam Chand & Ors

The Supreme Court upheld the acquittal of the accused under Section 406 IPC for criminal breach of trust, emphasizing that the prosecution must prove the accused was entrusted with property and misappropriated it. The Court noted that the trial court's decision was based on the civil nature of the dispute arising from a breach of contract, which was supported by an arbitration award in favor of the Corporation. The High Court's dismissal of the State's appeal was affirmed, highlighting that a civil profile does not negate the possibility of criminal liability under IPC.