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Issues: (i) Whether the criminal proceedings pending before the Magistrate should be transferred to the Special Court for being tried together with the related company-law case.
Analysis: The allegations in both proceedings arose from the same set of facts and evidence. Separate trials before different courts could result in conflicting decisions and duplication of evidence. The Special Court was competent to try the interlinked offences, and the proceedings before it could not be transferred in the opposite direction to the regular Magistrate. To avoid multiplicity of proceedings and in the interest of both parties, the Magistrate case was required to be brought before the Special Court for a common trial.
Conclusion: The proceedings were ordered to be transferred and assigned to the Special Court to be tried together with the connected matter.