https://www.taxtmi.com/caselaws?id=440170 Retention-based proceedings under Section 452 of the Companies Act, 2013 lose force once the company property is returned, because the provision is directed at speedy recovery of property and continued prosecution becomes unnecessary. Cognizance of a Section 447 offence cannot be taken on a private complaint unless the statutory complaint route under Section 212(6)(ii) is followed, so a Magistrate lacks jurisdiction to proceed otherwise. Allegations of cheating, theft, criminal breach of trust and conspiracy must disclose the essential ingredients of those offences; vague claims over confidential information and a largely civil business dispute are insufficient. en-us Mon, 03 Jul 2023 00:00:00 +0530 Wed, 12 Jul 2023 08:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440170 Retention-based proceedings under Section 452 of the Companies Act, 2013 lose force once the company property is returned, because the provision is directed at speedy recovery of property and continued prosecution becomes unnecessary. Cognizance of a Section 447 offence cannot be taken on a private complaint unless the statutory complaint route under Section 212(6)(ii) is followed, so a Magistrate lacks jurisdiction to proceed otherwise. Allegations of cheating, theft, criminal breach of trust and conspiracy must disclose the essential ingredients of those offences; vague claims over confidential information and a largely civil business dispute are insufficient. Case-Laws Companies Law Mon, 03 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440170