https://www.taxtmi.com/caselaws?id=459214 Allegations in the three FIRs did not disclose the essential ingredients of criminal breach of trust, criminal misappropriation, forgery or allied offences because the pledged shares had been sold after invocation of the pledge and notice, with the complainant's prior knowledge. The dispute arose from inter-corporate deposit, pledge agreements, a memorandum of settlement and a consent award, and the controversy over sale proceeds, valuation and adjustment was held to be civil in nature. As no prima facie criminal offence was made out, continuation of the FIRs and connected proceedings was treated as abuse of process and quashed under Section 482 CrPC, leaving the parties to pursue the civil forum. en-us Mon, 23 Sep 2013 00:00:00 +0530 Thu, 05 Dec 2024 12:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459214 Allegations in the three FIRs did not disclose the essential ingredients of criminal breach of trust, criminal misappropriation, forgery or allied offences because the pledged shares had been sold after invocation of the pledge and notice, with the complainant's prior knowledge. The dispute arose from inter-corporate deposit, pledge agreements, a memorandum of settlement and a consent award, and the controversy over sale proceeds, valuation and adjustment was held to be civil in nature. As no prima facie criminal offence was made out, continuation of the FIRs and connected proceedings was treated as abuse of process and quashed under Section 482 CrPC, leaving the parties to pursue the civil forum. Case-Laws Indian Laws Mon, 23 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459214