https://www.taxtmi.com/caselaws?id=406664 A complaint alleging non-issuance of duplicate share certificates did not disclose the essential ingredients of cheating or criminal breach of trust because the materials showed no dishonest inducement, entrustment, or misappropriation at the inception of the transaction. The dispute, at most, concerned a later disagreement over duplicate share certificates and transfer of shares, which was insufficient to establish offences under Sections 420 and 406 of the IPC. Since the substance of the complaint did not make out a prima facie criminal offence, continuation of the proceedings would amount to abuse of process and could be quashed in inherent jurisdiction. en-us Thu, 25 Mar 2021 00:00:00 +0530 Tue, 20 Apr 2021 12:54:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406664 A complaint alleging non-issuance of duplicate share certificates did not disclose the essential ingredients of cheating or criminal breach of trust because the materials showed no dishonest inducement, entrustment, or misappropriation at the inception of the transaction. The dispute, at most, concerned a later disagreement over duplicate share certificates and transfer of shares, which was insufficient to establish offences under Sections 420 and 406 of the IPC. Since the substance of the complaint did not make out a prima facie criminal offence, continuation of the proceedings would amount to abuse of process and could be quashed in inherent jurisdiction. Case-Laws Indian Laws Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406664