M/S. FIDELITY INDUSTRIES LTD. vs STATE REP. BY CBI — Crl.A. No. 1360 - 1361/2004

Case Summary: On 14 September 2010, the Supreme Court dismissed Fidelity Industries Ltd.'s criminal appeals against the High Court of Madras judgment (dated 04.03.2004) in CRLRC Nos. 1710/03 & 1712. The appeals challenged whether a company could face both imprisonment and fine as punishment. The Court held this issue was already settled by the Standard Chartered Bank precedent and dismissed the appeals while directing expeditious completion of the ongoing trial against the company and its officers/directors. This case analysis is maintained by casestatus.in based on publicly available court records.