T.R. Vijayaraman vs The State Of Tamil Nadu

The Supreme Court upheld the convictions under Sections 120-B and 420 IPC, affirming the High Court's decision in Criminal Appeals (MD) No. 407 and 386 of 2016. The Court found that the petitioners were involved in fraudulent transactions with bank officials, resulting in unauthorized debits and interest-free advances amounting to ₹ 1,10,66,100. The Court rejected the argument that the petitioners did not benefit from the cheating, emphasizing that the nature of the transactions constituted cheating under the IPC.