State Rep. by Ins. of Police Central Crime Branch vs. R. Vasanthi Stanely & Anr. (SC)

Penal Code, 1860– Secs. 420, 406, 467, 468, 471 & 120-B–Code of Criminal Procedure, 1973–Sec. 482–Quashment of criminal proceedings–Justification–Serious economic offence–Compromise/settlement–View of High Court that continuance of the proceedings would be an exercise in futility and, therefore, quashing of the criminal proceeding was required to prevent the abuse of process of law–Whether proper ?–Held, no.