M/S SESAMI CHEMICALS P.LTD.REP.BY DIRCTR vs STATE OF MEGHALAYA & ORS.

The Supreme Court addressed the quashing of FIR No.43(10) of 2011 under Sections 120-B, 418, and 520 IPC, which was challenged by the appellant company. The Court held that the High Court erred in quashing the FIR as the allegations of fraud and conspiracy were substantiated by the facts presented, including the dishonor of a cheque issued by the contesting respondents. The Court reinstated the FIR, emphasizing that the existence of a compromise does not negate the criminal nature of the allegations under the IPC.