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PNB vs. Sinha: SC Quashes Criminal Complaint by Himanshu Mishra is a document available to read on EtoBox.

The Supreme Court of India quashed a criminal complaint filed against a bank and its employees. [1] The complaint alleged criminal breach of trust for adjusting deposits held as security to pay an overdue loan after the loan became time barred. [2] The Court held that limitation only bars legal remedies, not the underlying right or debt. As contractually permitted, the bank was entitled to use deposited funds as security to pay the outstanding loan amount. [3] The complaint did not establish a prima facie c

Author

Himanshu Mishra

Language

EN