https://www.taxtmi.com/caselaws?id=450916 Allegations of direct participation by company directors in inducement, receipt of funds, and alleged misuse were sufficient to resist quashing, because the absence of general vicarious criminal liability did not help where personal roles were pleaded and the company was named in the FIR. Appointment of a provisional liquidator did not bar initiation or continuation of criminal proceedings, as criminal law operates independently of company-law supervision. The dispute was also not treated as purely civil, since the FIR and supporting material disclosed cheating, dishonest inducement, and misappropriation. Disputed questions of fact could not be resolved in Section 482 proceedings, so the prosecution was left to proceed to trial. en-us Thu, 07 Mar 2024 00:00:00 +0530 Sat, 16 Mar 2024 06:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450916 Allegations of direct participation by company directors in inducement, receipt of funds, and alleged misuse were sufficient to resist quashing, because the absence of general vicarious criminal liability did not help where personal roles were pleaded and the company was named in the FIR. Appointment of a provisional liquidator did not bar initiation or continuation of criminal proceedings, as criminal law operates independently of company-law supervision. The dispute was also not treated as purely civil, since the FIR and supporting material disclosed cheating, dishonest inducement, and misappropriation. Disputed questions of fact could not be resolved in Section 482 proceedings, so the prosecution was left to proceed to trial. Case-Laws Companies Law Thu, 07 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450916