https://www.taxtmi.com/caselaws?id=292764 Criminal proceedings arising from alleged non-compliance with SEBI collective investment scheme obligations were not quashed under Section 482 CrPC because the alleged repayment and settlement with investors remained disputed and required evidence, including whether compliance was completed in time and whether the offence was compoundable. The jurisdictional challenge to the Chennai trial court under Section 200 CrPC also failed because the complaint disclosed a sufficient basis for trial and the governing jurisdictional principle supported the court's competence. The prosecution was therefore left to proceed, with the petitioners directed to establish their defence before the trial court and any compounding request to be dealt with according to law. en-us Fri, 10 Jan 2020 00:00:00 +0530 Thu, 07 Jan 2021 16:02:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292764 Criminal proceedings arising from alleged non-compliance with SEBI collective investment scheme obligations were not quashed under Section 482 CrPC because the alleged repayment and settlement with investors remained disputed and required evidence, including whether compliance was completed in time and whether the offence was compoundable. The jurisdictional challenge to the Chennai trial court under Section 200 CrPC also failed because the complaint disclosed a sufficient basis for trial and the governing jurisdictional principle supported the court's competence. The prosecution was therefore left to proceed, with the petitioners directed to establish their defence before the trial court and any compounding request to be dealt with according to law. Case-Laws SEBI Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292764