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2025 Supreme(Mad) 2282

IN THE HIGH COURT OF JUDICATURE AT MADRAS
M.NIRMAL KUMAR, J
N.S. Krishnakumar – Appellant
Versus
Inspector of Police, SPE CBI ACB, Chennai – Respondent


Advocates:
Advocate Appeared:
For the Appellants : V. Raghavachari, M. Narayanaswamy
For the Respondent: K. Srinivasan

ORDER :

1. The petitioner/A2, who is facing trial in C.C. No. 11 of 2008 for offence under Section 120-B r/w 420 IPC and Section 13(2) r/w 13(1)(d) of Prevention of Correction Act, 1988 before the learned XI Additional Special Court for CBI Cases at Chennai, has filed this Quash Petition primarily on the ground of due amount settled to the 2nd respondent Bank.

2. The submissions of the learned Senior Counsel appearing for the petitioner are as follows:

(i) The learned Senior Counsel for the petitioner submitted that the case projected against the petitioner is that the petitioner along with other accused entered into a criminal conspiracy in the year 2002 to cheat the 2nd respondent Bank, opened current account, got discounted 59 bills enclosing false invoices and receipts for various amounts under Secured Demand Bills (SDB) during the period from 18.12.2002 to 14.12.2003, out of which, 44 bills became outstanding to the tune of Rs.28.58 lakhs as on 28.02.2005. The petitioner, Proprietor of M/s.Sriram Trading Company discounted the bills presented and caused loss to the 2nd respondent Bank. A1, the then Chief Manager of the 2nd respondent Bank purchased the Secured Demand Bills by red

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