State Of Maharashtra Trhu Cbi vs Vikram Anantrai Doshi & Ors

The Supreme Court addressed the scope of inherent jurisdiction under Section 482 of the Code of Criminal Procedure and Article 226 of the Constitution of India, emphasizing that courts may quash criminal proceedings if the parties have settled their disputes, provided it serves the cause of justice and does not ignore serious allegations of fiscal misconduct. The Court held that the nature of the allegations, particularly in commercial cases involving public financial institutions, necessitates careful scrutiny before quashing proceedings, thereby reinforcing the principle that the judicial system should not be burdened with unfruitful prosecutions while ensuring accountability for financial irregularities.