The question is no longer res integra, in asmuch as the Three-Judge Bench of this Court in Gian Singh v. State of Punjab and another, reported in (2012) 10 SCC 303 which has been subsequently followed in a number of other decisions including the recent decision in State of M.P. v. Deepak and Others, reported in (2014) 10 SCC 285, clearly sets out as to in what circumstances and in what type of cases such exercise of inherent powers under Section 482 Cr.P.C. can be invoked de hors Section 320 Cr.P.C. for recognizing such out of Court settlement for the purpose of quashing of criminal proceedings.
Courtesy : Supreme Court of India website