https://www.taxtmi.com/caselaws?id=110002 Sections 235 to 242 of the Companies Act, 1956 create a mechanism for investigation into company affairs and may support prosecution under that Act, but they do not exclude police investigation where the facts disclose cognizable offences under the IPC. The existence of a company-law remedy is not, by itself, an express or implied bar to recourse under the Code of Criminal Procedure. Where an FIR discloses cognizable allegations and investigation is at the inquiry stage, the court will not assess the truth or evidentiary value of the accusations for quashing. en-us Thu, 24 Mar 2005 00:00:00 +0530 Wed, 22 May 2024 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110002 Sections 235 to 242 of the Companies Act, 1956 create a mechanism for investigation into company affairs and may support prosecution under that Act, but they do not exclude police investigation where the facts disclose cognizable offences under the IPC. The existence of a company-law remedy is not, by itself, an express or implied bar to recourse under the Code of Criminal Procedure. Where an FIR discloses cognizable allegations and investigation is at the inquiry stage, the court will not assess the truth or evidentiary value of the accusations for quashing. Case-Laws Companies Law Thu, 24 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110002