https://www.taxtmi.com/caselaws?id=407610 A criminal proceeding arising from an inter-corporate deposit was not quashed where the complaint and materials prima facie disclosed dishonest inducement and possible cheating or criminal breach of trust. The Court held that, at the investigation stage, it was premature to conclude that fraudulent intention was absent from the inception of the transaction. The existence of a civil remedy, or a parallel proceeding under negotiable instruments law, did not by itself bar criminal prosecution when the allegations on their face disclosed criminal ingredients. The materials required further investigation, so the inherent power was not used to terminate the prosecution. en-us Fri, 09 Apr 2021 00:00:00 +0530 Sat, 15 May 2021 08:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407610 A criminal proceeding arising from an inter-corporate deposit was not quashed where the complaint and materials prima facie disclosed dishonest inducement and possible cheating or criminal breach of trust. The Court held that, at the investigation stage, it was premature to conclude that fraudulent intention was absent from the inception of the transaction. The existence of a civil remedy, or a parallel proceeding under negotiable instruments law, did not by itself bar criminal prosecution when the allegations on their face disclosed criminal ingredients. The materials required further investigation, so the inherent power was not used to terminate the prosecution. Case-Laws Indian Laws Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407610