https://www.taxtmi.com/caselaws?id=401960 Restoration of a company petition and earlier interim orders was sustained after the connected proceeding was withdrawn, because the tribunal could regulate procedure, act on natural justice, and use its inherent powers to prevent delay and abuse of process. A request for preliminary inquiry and criminal action under Section 340 CrPC was rejected because the material did not show a prima facie deliberate falsehood, mens rea, or a sufficient basis to conclude that prosecution was expedient in the interests of justice. The petitioner's grievance over signatures, on the facts presented, did not meet the statutory threshold for initiating criminal proceedings. en-us Fri, 18 Dec 2020 00:00:00 +0530 Mon, 21 Dec 2020 11:07:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401960 Restoration of a company petition and earlier interim orders was sustained after the connected proceeding was withdrawn, because the tribunal could regulate procedure, act on natural justice, and use its inherent powers to prevent delay and abuse of process. A request for preliminary inquiry and criminal action under Section 340 CrPC was rejected because the material did not show a prima facie deliberate falsehood, mens rea, or a sufficient basis to conclude that prosecution was expedient in the interests of justice. The petitioner's grievance over signatures, on the facts presented, did not meet the statutory threshold for initiating criminal proceedings. Case-Laws Insolvency and Bankruptcy Fri, 18 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401960