K. Bharathi Devi vs The State Of Telangana

The Supreme Court upheld the High Court's dismissal of the Criminal Petition under Section 482 CrPC, affirming that the private settlement between the accused and the bank did not extinguish the criminal liability arising from the alleged offences under Sections 120-B, 420, 409, 467, 468, and 471 IPC, and Section 13(1)(d) and 13(2) of the Prevention of Corruption Act, 1988. The Court emphasized that criminal proceedings can continue despite civil settlements when public interest is at stake. The appeal was dismissed, maintaining the charge-sheet against the accused.