https://www.taxtmi.com/caselaws?id=758601 Where the underlying shareholder payment had already been made with interest and that payment was acknowledged, the Supreme Court treated continuation of criminal proceedings as unnecessary in the peculiar facts. It substituted further prosecution with a conditional monetary consequence, requiring a fine and proof of deposit within the stipulated time. On compliance, the criminal proceedings would stand closed; if the deposit was not made, the appeals would fail automatically. The decision reflects that, where the monetary obligation has been discharged and justice so requires, prosecution may be brought to an end on terms rather than carried through to trial. en-us Fri, 12 Jan 2024 00:00:00 +0530 Thu, 19 Sep 2024 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758601 Where the underlying shareholder payment had already been made with interest and that payment was acknowledged, the Supreme Court treated continuation of criminal proceedings as unnecessary in the peculiar facts. It substituted further prosecution with a conditional monetary consequence, requiring a fine and proof of deposit within the stipulated time. On compliance, the criminal proceedings would stand closed; if the deposit was not made, the appeals would fail automatically. The decision reflects that, where the monetary obligation has been discharged and justice so requires, prosecution may be brought to an end on terms rather than carried through to trial. Case-Laws SEBI Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758601