1. The present petition under Section 482 of the Code of Criminal
Procedure, 1973 (‘CrPC’) is filed seeking quashing of RC No.
BD121016E0001 registered under Sections 120B/420/467/468/471 of
the Indian Penal Code, 1860 (‘IPC’) read with Sections 13(2) and
13(1)(d) of the Prevention of Corruption Act, 1988 (‘PC Act’), and
the consequential proceedings arising therefrom, pending before the
learned Additional Sessions Judge, Tis Hazari Courts, New Delhi.
2. The Petitioner, superannuated honorably as an Executive
Director of Canara Bank on 31.10.2014. The prosecution stems from
default on repayment of loan sanctioned to M/s Occasion Silver Pvt.
Ltd. (OSPL) in the year 2013. It is stated that the petitioner was not
named in the original RC and has been implicated based on his role in
the ED-CAC (Executive Director-Credit Approval Committee) which
sanctioned the proposal for loan to OSPL.