Indo Asian Ltd vs State Of Uttrakhand & Anr

The Supreme Court held that the High Court erred in quashing the proceedings under Section 406 IPC, as the allegations in the FIR and supporting documents indicated a prima facie case of misappropriation. The Court emphasized that the High Court should not have interfered at the threshold and allowed the Criminal Court to proceed with the case. The appeal was allowed, and the order of the High Court was set aside, leaving the merits of the case for determination by the Criminal Court.