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IN THE SUPREME COURT OF INDIA CRIMINAL APPELLATE JURISDICTION
CRIMINAL APPEAL NO.5099 OF 2024 (@ SLP(CRL.) No. 1649/2022)
SRINIVAS BODKE APPELLANT(S)
VERSUS
THE STATE OF TELANGANA & ORS. RESPONDENT(S)
WITH
CRIMINAL APPEAL NO.5100 OF 2024 (@SLP(Crl) No. 1651/2022)
O R D E R
1. Leave granted.
2. The appellants have been charged for the offences punishable
under Section 17 of the Telangana Micro Finance Institutions
(Regulation of Money Lending) Act, 2011 along with Section 420
of the Indian Penal Code, 1860 (in short, ‘the IPC’). The
appellants are none other than the employees of the company –
Bharat Financial Inclusion Limited.
3. The sum and substance of the allegations in the charge-sheet
against the appellants is that they, being the employees of
the company which has not been charged, along with the other
employees, committed the aforesaid offences by entering into
agreements with various third parties pertaining to different
loan transactions. Pursuant to the said agreements, amounts
were given to the parties to the agreements, at exorbitant
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interest rates. The amounts so charged were collected and then
handed over to the company. Therefore, the issue is with
respect to the exorbitant interest rate that was charged for
the loans.
4. Learned senior counsel appearing for the appellants submitted
that the field is occupied b...