SUBODH CHANDRA Vs. STATE OF JHARKHAND & ANR.

JUDGEMENT

(1.) Heard the parties.

(2.) In this case, petitioner has prayed for quashing the entire criminal proceeding and also the order dated 9-4-2008 passed by Judicial Magistrate, Jamshedpur in Complaint case No. C/1-468/2008 taking cognizance for the offence under Sec. 420/34. Indian Penal Code For better appreciation the order dated 9-4-2008 is quoted hereinbelow:

(3.) It appears that complainant/opposite party has filed complaint case against the President, State Bank of India, the present petitioner as Chief Manager, State Bank of India, Dy. General Manager and other officers of the Bank alleging inter alia that complainant opened on account, namely. Home Loan Account in the State Bank of India for the purpose that he will accumulate handsome amount in future to enable him to purchase or construct a house on his retirement. The allegation is that the amount was deposited but the interest was not calculated and the Home Loan account was converted into another account etc.