New Delhi, Dec. 18 -- The Supreme Court on Wednesday gave final clearance to quash all criminal proceedings against fugitive promoters of Sterling Biotech Ltd, Chetan Jayantilal Sandesara and Nitin Sandesara, after the brothers deposited an additional Rs.5,111 crore in compliance with an earlier assurance given to the court to settle the claims of lender banks in a multi-crore bank fraud case. A bench comprising justices JK Maheshwari and Vijay Bishnoi noted that the deposits were made between December 3 and December 6 in the registry of the Supreme Court, fully satisfying the condition laid down by the court in its November 19 order. On that date, the bench had agreed in principle to quash all criminal proceedings against the Sandesara brothers, subject to their depositing an additional Rs.5,100 crore to meet the demands of banks under their one-time settlement. Senior advocate Mukul Rohatgi, appearing for the Sandesara brothers, submitted on Wednesday that his clients had complied in letter and spirit with the stipulation imposed by the court and that, in view of the deposit, all criminal proceedings deserved to be formally quashed. Additional solicitor general SV Raju appeared for the Central Bureau of Investigation in the matter. Taking note of the fact that the brothers had deposited Rs.11 crore more than the amount stipulated, the bench directed that the excess sum be transferred to the Supreme Court Legal Aid Services Committee. The November 19 order marked a significant point in the long-running litigation involving the Sandesaras, with the court recording that it had consistently taken the view that once the accused were willing to honour their one-time settlement and public money was flowing back to banks, the continuation of multiple criminal proceedings would serve "no useful purpose". The bench had made it clear that the order was being passed in the "peculiar facts" of the case and would not operate as a precedent in any other matter. In its November 19 order, the court accepted a proposal placed before it in a sealed cover by Solicitor General Tushar Mehta. Under the proposal, the Sandesara brothers agreed to deposit Rs.5,100 crore as a full and final settlement of all outstanding dues arising from several FIRs registered by the CBI, the Enforcement Directorate. The court had directed that the amount be deposited intranches before the Supreme Court registry, to be kept in a short-term interest-bearing fixed deposit and distributed proportionately among lender banks after verification by theregistrar. All related criminal and civil proceedings were to stand quashed upon full compliance. The bench had also recorded the financial background of the case....