https://www.taxtmi.com/caselaws?id=106008 Criminal proceedings under the Penal Code and the Negotiable Instruments Act were not barred by the Reserve Bank of India Act, because that Act contained no provision prohibiting continuation of such prosecutions. Section 58E operated only as a bar against taking cognizance of offences committed under the Reserve Bank of India Act itself, not as a general embargo on prosecutions under other enactments. The Company Law Board's power under section 45QA was also held not to curtail the criminal court's jurisdiction to proceed with the prosecution, so the challenge to quash the proceedings failed. en-us Mon, 03 Apr 2000 00:00:00 +0530 Mon, 26 Aug 2013 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106008 Criminal proceedings under the Penal Code and the Negotiable Instruments Act were not barred by the Reserve Bank of India Act, because that Act contained no provision prohibiting continuation of such prosecutions. Section 58E operated only as a bar against taking cognizance of offences committed under the Reserve Bank of India Act itself, not as a general embargo on prosecutions under other enactments. The Company Law Board's power under section 45QA was also held not to curtail the criminal court's jurisdiction to proceed with the prosecution, so the challenge to quash the proceedings failed. Case-Laws Companies Law Mon, 03 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106008