RAMESH RAJAGOPAL vs DEVI POLYMERS PVT. LTD.

The Supreme Court upheld the Madras High Court's decision refusing to quash criminal proceedings against the appellant under Sections 409, 468, and 471 IPC, along with Sections 65 and 66 of the Information Technology Act, 2000, and Section 120(b) IPC. The Court established that the allegations of forgery and misappropriation were substantiated by the facts, particularly the creation of a fictitious entity and unauthorized payments made from the company's funds. The appeal was dismissed, affirming the continuation of the criminal proceedings against the appellant.