https://www.taxtmi.com/caselaws?id=437964 Criminal prosecution for alleged breaches of takeover-offer obligations may proceed without a prior Chapter V investigation where the regulations make investigation discretionary and separately preserve the power to prosecute. Prima facie evidence of delayed shareholder payments, including correspondence attributing delay to liquidity constraints, can support allegations of non-compliance with offer obligations. A resignation plea does not justify discharge or quashing unless supported by reliable, incontrovertible material. Where such material is absent and prima facie non-compliance is shown, the complaint and charges may proceed to trial. en-us Thu, 04 May 2023 00:00:00 +0530 Fri, 19 May 2023 09:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437964 Criminal prosecution for alleged breaches of takeover-offer obligations may proceed without a prior Chapter V investigation where the regulations make investigation discretionary and separately preserve the power to prosecute. Prima facie evidence of delayed shareholder payments, including correspondence attributing delay to liquidity constraints, can support allegations of non-compliance with offer obligations. A resignation plea does not justify discharge or quashing unless supported by reliable, incontrovertible material. Where such material is absent and prima facie non-compliance is shown, the complaint and charges may proceed to trial. Case-Laws SEBI Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437964