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“Even if the litigants do not understand what is in their best interest, it is the duty of the Court to deliver substantial justice.”
SBI suffered losses of Rs. 6.13 Crores approximately, causing a substantial injury to the public exchequer and consequently, hampering the public interest…“Economic offences affect the economy of the country as a whole and pose a serious threat to the financial health of the country. If such offences are viewed lightly, the confidence and trust of the public will be shaken.”
The Court opined that as parties have amicably settled their disputes, no useful purpose shall be served in continuing with proceedings of the present FIR as it will create further acrimony between the parties.
Section17A of the Prevention of Corruption Act, 1988, introduced with effect from 26-07-2018, bars any enquiry or inquiry or investigation by a police officer into any allegations against public servant, without the prior approval of the authority concerned.