https://www.taxtmi.com/caselaws?id=424652 Criminal proceedings arising from a commercial or contractual transaction are not liable to be quashed under inherent powers where the complaint and charge sheet disclose a prima facie cognizable offence. Allegations of execution of sale documents without consent and alteration or fabrication of records were treated as specific acts of participation, while disputes over the asset transfer agreement, extension of the long stop date, shareholder consent, and the petitioners' actual role were held to be matters for trial. As the police had investigated and filed the charge sheet on witness statements, the HC held that quashing was unwarranted because the case was neither frivolous nor devoid of criminal ingredients, and the prosecution was allowed to continue. en-us Mon, 06 Jun 2022 00:00:00 +0530 Wed, 06 Jul 2022 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424652 Criminal proceedings arising from a commercial or contractual transaction are not liable to be quashed under inherent powers where the complaint and charge sheet disclose a prima facie cognizable offence. Allegations of execution of sale documents without consent and alteration or fabrication of records were treated as specific acts of participation, while disputes over the asset transfer agreement, extension of the long stop date, shareholder consent, and the petitioners' actual role were held to be matters for trial. As the police had investigated and filed the charge sheet on witness statements, the HC held that quashing was unwarranted because the case was neither frivolous nor devoid of criminal ingredients, and the prosecution was allowed to continue. Case-Laws Companies Law Mon, 06 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424652