Maman Kumar Agrawal vs M/S Gupta Homes P.Ltd.& Anr

The Supreme Court upheld the High Court's decision to quash the orders of the Judicial Magistrate regarding cognizance for offences under Sections 406 and 420 IPC. The Court directed the respondents to refund Rs.9,87,000/- with 12% interest from 21.12.2006, emphasizing the obligation to return the amount paid for a flat allotment. The respondents were granted two months to comply, failing which the appellant could seek modification of the order.