https://www.taxtmi.com/caselaws?id=113241 Quashing of criminal proceedings at the threshold is justified only where the complaint, taken at face value, discloses no offence or is fundamentally defective; a detailed appraisal of disputed commercial material is impermissible at that stage. The note further states that allegations of deceptive representations, suppression of material facts, and inducement to invest may prima facie support cheating and conspiracy even where the transaction has commercial complexity or includes risk disclosures. It also records that a corporation is not immune from prosecution for offences requiring mens rea, because the intent of controlling persons may be attributed to the company. On that reasoning, the complaint should not be terminated solely as a civil dispute. en-us Wed, 20 Oct 2010 00:00:00 +0530 Fri, 29 Mar 2019 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113241 Quashing of criminal proceedings at the threshold is justified only where the complaint, taken at face value, discloses no offence or is fundamentally defective; a detailed appraisal of disputed commercial material is impermissible at that stage. The note further states that allegations of deceptive representations, suppression of material facts, and inducement to invest may prima facie support cheating and conspiracy even where the transaction has commercial complexity or includes risk disclosures. It also records that a corporation is not immune from prosecution for offences requiring mens rea, because the intent of controlling persons may be attributed to the company. On that reasoning, the complaint should not be terminated solely as a civil dispute. Case-Laws Indian Laws Wed, 20 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113241