The Bombay High Court has ruled that a settlement with SEBI can't protect an accused from criminal liability in serious economic offences. It dismissed petitions seeking to quash CBI proceedings against businessman Manoj Gokulchand Seksaria in Yes Bank-IDFC IPO scam case. "Quashing...proceedings, in matters, in which the offence is against society, would be a mockery of...law," the court said.