#Banning of Unregulated Deposit Schemes Act

The Kerala High Court granted pre-arrest bail to three senior citizen partners in a deposit scheme case, holding that mere partnership in a firm does not equate to criminal liability without evidence of active involvement or intent. This ruling reinforces that liability under the Banning of Unregulated Deposit Schemes Act must be individually proven, protecting innocent associates from indiscriminate arrest.

MP High Court quashes FIR involving serious economic offences (Sections 409, 420, 467, 468 IPC and Banning of Unregulated Deposit Schemes Act) after verified compromise, reinforcing that private settlements can override prosecution where no public interest is harmed. The ruling sets a precedent for quashing even non-compoundable offences when parties amicably resolve disputes.