As per case facts, a company's loan account with State Bank of Travancore became a Non-Performing Asset. The bank assigned its debts to Kotak Mahindra Bank through an Assignment Deed, ... which the complainant alleged was undisclosed, leading to a subsequent agreement with Kotak Mahindra Bank and purported financial loss. A criminal complaint was filed, and the appellants, officers of State Bank of Travancore, appealed the High Court's refusal to quash the process against them. The question arose whether the criminal case against the appellants should be quashed. Finally, the Supreme Court allowed the appeal, quashing the criminal proceedings. The Court highlighted that the complainant had withdrawn the case against the other bank's officers, finding no sufficient basis to continue prosecuting the State Bank officers given the general nature of allegations, their specific roles, and the established principles of corporate vicarious liability.