https://www.taxtmi.com/caselaws?id=305565 The court dismissed the application to quash the criminal proceeding under Section 482 of the Cr. P.C. The decision highlighted the necessity of factual establishment of liability under Section 68 of FERA, emphasizing that being a Director does not automatically render one liable for a Company's offenses. The absence of a positive finding on the Director's responsibility did not warrant quashing the criminal proceeding, as the issue of liability remained open for trial. The court stressed the importance of trial to determine the truth of the allegations and upheld the continuation of the criminal proceedings. en-us Fri, 24 Jul 1992 00:00:00 +0530 Mon, 12 Dec 2022 15:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305565 The court dismissed the application to quash the criminal proceeding under Section 482 of the Cr. P.C. The decision highlighted the necessity of factual establishment of liability under Section 68 of FERA, emphasizing that being a Director does not automatically render one liable for a Company's offenses. The absence of a positive finding on the Director's responsibility did not warrant quashing the criminal proceeding, as the issue of liability remained open for trial. The court stressed the importance of trial to determine the truth of the allegations and upheld the continuation of the criminal proceedings. Case-Laws FEMA Fri, 24 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305565