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Issues: Whether the complaint contained sufficient averments to make out a prima facie case against the accused officers and directors, and whether the High Court was justified in quashing the proceedings under Section 482 of the Code of Criminal Procedure, 1973.
Analysis: The complaint specifically stated the respective positions of the chairman, managing director and directors and asserted that they were in charge of and responsible for the conduct of the company's business at the time of the offence. For quashing proceedings, only the allegations in the complaint are relevant at that stage, and the truth or sufficiency of evidence is a matter for trial. On a reading of the complaint as a whole, the averments were clear and explicit and were enough to justify summoning the accused.
Conclusion: The High Court was not justified in quashing the proceedings, and the complaint disclosed a prima facie case for trial against the accused.