C.B.I. vs A.RAVISHANKAR PRASAD .

The Supreme Court held that the High Court erred in quashing criminal proceedings against A. Ravishankar Prasad and A. Manohar Prasad under Section 120-B IPC and Section 13(2) read with Section 13(1)(d) of the Prevention of Corruption Act, 1988. The Court emphasized that a settlement with the bank does not absolve the respondents of their criminal liability, particularly when serious allegations of forgery and conspiracy to defraud the bank were involved. The Supreme Court set aside the High Court's judgment, reinstating the criminal proceedings against the respondents.