Internl.Adv.Res.Cen.For P.M.& N.M.& ... vs Nimra Cerglass (P) Ltd.& Anr

The Supreme Court upheld the High Court's dismissal of the appellants' petition under Section 482 Cr.P.C. to quash criminal proceedings against them under Sections 419 and 420 IPC. The Court established that the allegations of cheating and misrepresentation in a technology transfer agreement were sufficient to warrant criminal proceedings, emphasizing that the nature of the dispute was not purely civil as claimed by the appellants. The Court affirmed that the appellants' representations induced the respondent to incur significant expenses based on false assurances regarding the technology's efficacy.