Vinayak Narayan Deosthali vs C.B.I

The Supreme Court upheld the conviction of the appellant under Sections 409, 120B, 403, 477-A/109 IPC and Section 13(2) read with Section 13(1)(d) of the Prevention of Corruption Act, 1988, for criminal breach of trust and conspiracy. The Court established that public servants committing acts of misappropriation in connivance with others, leading to wrongful loss to the bank, constitute serious offences under the cited statutes. The appeal was dismissed, affirming the lower court's judgment.