https://www.taxtmi.com/caselaws?id=112643 A complaint arising from a loan or hire-purchase transaction is not maintainable for cheating or criminal breach of trust unless the allegations, taken at face value, show dishonest intention at inception, entrustment, or dishonest misappropriation. The text also states that where no natural person's mens rea is identified, a company cannot be fastened with criminal liability merely on the basis of the allegations, and a managing director cannot be proceeded against solely by virtue of office held in the absence of a statutory basis for vicarious liability under the Penal Code. It further notes that inherent jurisdiction may be used where the complaint discloses no offence. en-us Thu, 03 Sep 2009 00:00:00 +0530 Sat, 01 Nov 2014 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112643 A complaint arising from a loan or hire-purchase transaction is not maintainable for cheating or criminal breach of trust unless the allegations, taken at face value, show dishonest intention at inception, entrustment, or dishonest misappropriation. The text also states that where no natural person's mens rea is identified, a company cannot be fastened with criminal liability merely on the basis of the allegations, and a managing director cannot be proceeded against solely by virtue of office held in the absence of a statutory basis for vicarious liability under the Penal Code. It further notes that inherent jurisdiction may be used where the complaint discloses no offence. Case-Laws Companies Law Thu, 03 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112643