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Nikhil Merchant vs C.B.I. & Anr on 20 August, 2008

"10. In the present case, as already seen, the offence with which the accused-respondents had been charged are under Section 120- B/420 of the Indian Penal Code. The civil liability of the respondents to pay the amount to the bank has already been settled amicably. The terms of such settlement have been extracted above. No subsisting grievance of the bank in this regard has been brought to the notice of the Court. While the offence under Section 420 IPC is compoundable the offence under Section 120- B is not. To the latter offence the ratio laid down in B.S. Joshi (supra) and Nikhil Merchant (supra) would apply if the facts of the given case would so justify.
Supreme Court of India Cites 25 - Cited by 14306 - A Kabir - Full Document
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