The State Of Madhya Pradesh vs Yogendra Singh Jadon

The Supreme Court addressed the appeal by the State against the High Court's order quashing proceedings under Sections 420 and 120-B IPC. The Court held that the High Court correctly found that the respondents did not have the requisite mens rea to commit fraud, as there was no evidence they obtained the cash credit facility with the knowledge of non-repayment. The Court affirmed the High Court's decision, emphasizing that liability lies with the bank officers for procedural lapses rather than the beneficiaries of the loans.