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IN THE HIGH COURT OF ORISSA AT CUTTACK
CHITTARANJAN DASH
Kulamani Parida – Appellant
Versus
State of Odisha – Respondent
| Table of Content |
|---|
| 1. cognizance of financial fraud involving forgery (Para 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10) |
| 2. arguments regarding the chartered accountant's duty (Para 11 , 12) |
| 3. analysis of professional responsibility and involvement in fraud (Para 13 , 14 , 15 , 16) |
| 4. quashing of cognizance due to lack of evidence (Para 17 , 18) |
JUDGMENT :
1. Heard learned counsel for the parties.
3. The background facts of the case is that on 22nd September, 2014 the complainant, K. Jagannathan, Chief Manager, State Bank of Travancore, Bhubaneswar Branch situated over Plot No.N-1/40, IRC Village, Nayapalli, Bhubaneswar, Dist. Khurda alleged that the State Bank of Travancore, Bhubaneswar Branch had sanctioned financial assistance to the tune of Rs.600 lakhs (working capital limit of Rs.500 lakhs and letter of credit limit of Rs.100 lakhs) to M/s. Chhotray Suppliers, a partnership firm having its office at Plot No.2008/1199, Nayapalli, Bhubaneswar. Mr. Siba Narayan Chhotray is the Managing partner and Mrs. Swapna Chhotray is the partner of the firm. Mr. Siba Narayan Chhotray is also the Managing Director of M/s. Srabani Constructions Pvt. Ltd wherein Mrs. Swapna Chhotray is the Director. Necessary s
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