K.K.SINGHAL vs STEEL STRIPS LTD.

The Supreme Court upheld the High Court's dismissal of the appellants' application under Section 482 of the Code of Criminal Procedure, which sought to quash complaints filed under Sections 417, 418, and 420 IPC. The Court found that the appellants had induced the respondent to withdraw multiple complaints related to dishonored cheques, failing to fulfill their commitments thereafter. The Court affirmed the trial court's issuance of summons against the appellants for the offense under Section 420 IPC, establishing that inducement and non-payment can constitute fraud under the IPC.