https://www.taxtmi.com/caselaws?id=108453 Criminal proceedings alleging contravention of section 58A of the Companies Act and rule 3(a) of the Companies (Acceptance of Deposits) Rules, 1975 were quashed because they had remained pending since 1984 without any effective progress or commencement of trial. The Madras High Court held that keeping such prosecutions alive indefinitely, when no real steps had been taken to advance the case, amounted to an abuse of process and justified interference under the High Court's inherent powers under section 482 of the Code of Criminal Procedure. The Court found that continuation of the proceedings would serve no useful purpose and was liable to be set aside. en-us Wed, 26 Feb 2003 00:00:00 +0530 Sat, 31 Mar 2012 16:15:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108453 Criminal proceedings alleging contravention of section 58A of the Companies Act and rule 3(a) of the Companies (Acceptance of Deposits) Rules, 1975 were quashed because they had remained pending since 1984 without any effective progress or commencement of trial. The Madras High Court held that keeping such prosecutions alive indefinitely, when no real steps had been taken to advance the case, amounted to an abuse of process and justified interference under the High Court's inherent powers under section 482 of the Code of Criminal Procedure. The Court found that continuation of the proceedings would serve no useful purpose and was liable to be set aside. Case-Laws Companies Law Wed, 26 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108453