C.B.I vs Maninder Singh

The Supreme Court held that the High Court's quashing of criminal proceedings under Sections 420, 467, 468, and 471 IPC read with Section 120-B IPC was erroneous, as the case involved serious allegations of forgery and cheating against the New Bank of India. The Court emphasized that the mere existence of a settlement between the parties does not absolve the accused from criminal liability, especially in cases involving public interest and corruption. The appeal by the CBI was allowed, and the High Court's order was set aside, reinstating the criminal proceedings.