JUDGMENT :

Hon'ble SIKRI, J.—Leave granted.

2. The brief facts leading to the filing of the present appeal by the State, challenging the correctness and legality of order dated 05.03.2013 passed by High Court of Madras, are as follows:

A case was registered on 31.01.2004 against the respondent herein who was then Regional Chief of Housing Urban Development Corporation Ltd., Chennai, along with other co-accused. FIR was submitted to the Principal Special Judge, CBI on the allegation that the respondent herein has dishonestly sanctioned 64 loans which were processed by A-2 to various individuals who sought loans for purchase of plots developed by A-3 (firm) knowing fully well that A-3 was not a reputed promoter under the HUDCO Niwas Scheme. It was further alleged that pursuant to a criminal conspiracy, the respondent sanctioned loans for inflated amounts causing wrongful loss of Rs.21,07,546.50 to HUDCO. After completion of inquiry, a charge-sheet was filed against the respondent and 15 others on 30.01.2006 under Section 120-B read with Sections 420, 467, 468, 471 of the Indian Penal Code (for short the 'IPC') and Section 13(2) read with Section 13(1) of the Prevention of Corruption Act