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Narendra Goel vs C B I & Anr on 22 April, 2025

13. He submitted that the "No Dues Certificate" issued by the complainant bank after the OTS only liquidates the civil liability of the accused persons and mere repayment of loan under settlement cannot be a basis of exonerating the accused persons from the criminal liability for the offences under IPC. He placed reliance on the Signature Not Verified Signed By:HARMINDER KAUR CRL.M.C. 4739/2019 & CRL.M.C. 5777/2019 Page 6 of 14 Signing Date:30.04.2025 12:25:16 judgment passed in the case of Daya Engineering Works (Sleeper) Ltd. v. CBI : 2019 SCC OnLine Del 10336 where this Court had refused to quash an FIR on the basis of the One Time Settlement by finding the same to be merely towards satisfaction of civil liability.
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