https://www.taxtmi.com/caselaws?id=423548 The court allowed the petition to quash proceedings under Section 448 of the Companies Act, finding insufficient grounds for prosecution due to the absence of material suppression or omission of facts. The court emphasized the necessity of clear findings of fraud or suppression to support legal actions under this section, highlighting the importance of substantive evidence in preventing baseless prosecutions and upholding principles of justice and due process. en-us Tue, 04 Jan 2022 00:00:00 +0530 Thu, 09 Jun 2022 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423548 The court allowed the petition to quash proceedings under Section 448 of the Companies Act, finding insufficient grounds for prosecution due to the absence of material suppression or omission of facts. The court emphasized the necessity of clear findings of fraud or suppression to support legal actions under this section, highlighting the importance of substantive evidence in preventing baseless prosecutions and upholding principles of justice and due process. Case-Laws Companies Law Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423548