https://www.taxtmi.com/caselaws?id=280154 Directors and office-bearers cannot be summoned for criminal breach of trust, cheating, or conspiracy on vague and omnibus allegations; the complaint must plead specific facts showing their personal participation and a definite factual basis for criminal liability. The court also noted that, absent statutory vicarious liability, office alone does not justify trial. On the cheating allegation against the company, a disputed demand, accounting adjustment, or set-off of share sale proceeds did not by itself show deceptive or dishonest inducement at inception. The article therefore highlights the need for particularised allegations and a clear showing of fraudulent intent before criminal process can be sustained. en-us Mon, 14 Dec 2009 00:00:00 +0530 Tue, 23 Apr 2019 14:31:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280154 Directors and office-bearers cannot be summoned for criminal breach of trust, cheating, or conspiracy on vague and omnibus allegations; the complaint must plead specific facts showing their personal participation and a definite factual basis for criminal liability. The court also noted that, absent statutory vicarious liability, office alone does not justify trial. On the cheating allegation against the company, a disputed demand, accounting adjustment, or set-off of share sale proceeds did not by itself show deceptive or dishonest inducement at inception. The article therefore highlights the need for particularised allegations and a clear showing of fraudulent intent before criminal process can be sustained. Case-Laws Income Tax Mon, 14 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280154