THE HON'BLE SMT. JUSTICE TIRUMALA DEVI EADA

ORDER:

This criminal petition is filed seeking to quash the proceedings in CC No.12 of 2021 against the petitioners- accused Nos.2 & 3 on the file of I-Additional Special Judge for CBI Cases, Hyderabad at Nampally, for the offences under Sections 120B read with 420, 409, 468 and 471 IPC and Section 13(2) read with 13 (1) (c) and (d) of the Prevention of Corruption Act, 1988.

2. Heard Mr.T. Raghava Charyulu, learned counsel for the petitioners and Mr. T. Srujan Kumar Reddy, learned Standing Counsel for CBI for respondent No.1.

3. Learned counsel for the petitioners submitted that the Bank has come forward for One Time Settlement (OTS) and once OTS is accepted, the criminal proceedings cannot be initiated in view of the judgment of the Hon’be Apex Court in Tarina Sen v. Union of India, (2024) 10 SCR 417

4. Learned Standing Counsel for CBI has submitted that accused Nos.2 and 3 in the Tarina Sen’s case, who were conspirators, passed away, then the Hon’ble Supreme Court has considered the case of the wives of the conspirators, accused therein. That the facts of the present case differ from the above mentioned case and hence, the submission of the