Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
HC dismisses criminal complaint challenge under NI Act, holding that: (1) the presumption under Section 139 applies when cheque execution is undisputed; (2) the burden is on the drawer to prove the cheque was not issued for a legally enforceable debt; (3) SARFAESI proceedings do not bar criminal prosecution under Section 138; and (4) the inherent powers under Section 482 CrPC cannot be exercised to quash proceedings at the summoning stage without unimpeachable evidence. The Court found no material to conclusively determine the cheque's purpose and emphasized that disputed factual questions are matters for trial, thus dismissing the petition.
HC dismisses criminal complaint challenge under NI Act, holding that: (1) the presumption under Section 139 applies when cheque execution is undisputed; (2) the burden is on the drawer to prove the cheque was not issued for a legally enforceable debt; (3) SARFAESI proceedings do not bar criminal prosecution under Section 138; and (4) the inherent powers under Section 482 CrPC cannot be exercised to quash proceedings at the summoning stage without unimpeachable evidence. The Court found no material to conclusively determine the cheque's purpose and emphasized that disputed factual questions are matters for trial, thus dismissing the petition.
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