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2024 Supreme(SC) 850

B. R. GAVAI, K. V. VISWANATHAN
K. Bharthi Devi – Appellant
Versus
State of Telangana – Respondent


Advocates appeared:
For the Petitioner(s): Mr. Gauav Agarwal, Sr. Adv. Mr. Ramesh Allanki, Adv. Ms. Aruna Gupta, Adv. Mr. Rabin Majumder, AOR
For the Respondent(s): Ms. Devina Sehgal, AOR Mr. Vineet George, Adv. Mr. Himanshu Munshi, AOR Mr. Siddhant Munshi, Adv. Mr. Anitesh Choudhary, Adv.

JUDGMENT :

B.R. GAVAI, J.

1. Leave granted.

2. The present appeal challenges the final judgment and order dated 1st September 2017 passed by the High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh, whereby the High Court dismissed the Criminal Petition No. 5778 of 2016 filed by the accused persons, including the appellants herein, under Section 482 of the Code of Criminal Procedure, 1973 (“Cr.P.C.” for short) thereby seeking quashing of the charge-sheet in C.C. No. 16 of 2014 on the file of Principal Special Judge for CBI Cases, Nampally, Hyderabad (“trial Court” for short).

3. Shorn of details, the case of the prosecution is as given below.

3.1 K. Suresh Kumar (Accused No. 1), the Sole Proprietor of M/s Sirish Traders, a firm engaged in processing of Uradh Dhall, was granted various credit facilities in the group loan account by the Indian Bank, Osmanganj Branch, Hyderabad (“respondent No. 2 Bank” for short). The credit facilities were secured by collateral security executed by the accused persons including the present appellants who are Accused No. 3 & 4.

3.2 Since the borrowers/mortgagors (Accused Nos. 1-5) failed to service the interest an

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