https://www.taxtmi.com/caselaws?id=424652 The court dismissed the criminal petition seeking to quash proceedings under Section 482 of the Cr.P.C. The allegations of offences under various sections of the IPC, including fraudulent transfer and forgery, were deemed triable issues. The court held that vicarious liability requires specific allegations and that contractual disputes can lead to criminal prosecution if dishonest intentions are present. The NCLT's decision did not bar criminal proceedings, and the collected evidence supported a prima facie case. Legal precedents cited were found inapplicable, and the trial was allowed to proceed for further adjudication. 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 The court dismissed the criminal petition seeking to quash proceedings under Section 482 of the Cr.P.C. The allegations of offences under various sections of the IPC, including fraudulent transfer and forgery, were deemed triable issues. The court held that vicarious liability requires specific allegations and that contractual disputes can lead to criminal prosecution if dishonest intentions are present. The NCLT's decision did not bar criminal proceedings, and the collected evidence supported a prima facie case. Legal precedents cited were found inapplicable, and the trial was allowed to proceed for further adjudication. Case-Laws Companies Law Mon, 06 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424652