https://www.taxtmi.com/caselaws?id=401127 An FIR alleging cheating and criminal breach of trust in relation to hypothecated vehicle property was treated as disclosing cognizable offences under Sections 420 and 406 of the Indian Penal Code. The allegations were viewed as prima facie misappropriation of hypothecated property, not a mere loan-recovery dispute, so the availability of a remedy under Section 138 of the Negotiable Instruments Act did not justify quashing the criminal case or staying arrest. Interference at the investigation stage was therefore considered unwarranted where the FIR itself disclosed a cognizable offence. en-us Tue, 10 Nov 2020 00:00:00 +0530 Mon, 04 Nov 2024 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401127 An FIR alleging cheating and criminal breach of trust in relation to hypothecated vehicle property was treated as disclosing cognizable offences under Sections 420 and 406 of the Indian Penal Code. The allegations were viewed as prima facie misappropriation of hypothecated property, not a mere loan-recovery dispute, so the availability of a remedy under Section 138 of the Negotiable Instruments Act did not justify quashing the criminal case or staying arrest. Interference at the investigation stage was therefore considered unwarranted where the FIR itself disclosed a cognizable offence. Case-Laws Indian Laws Tue, 10 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401127