https://www.taxtmi.com/caselaws?id=459214 The HC quashed FIRs No.505/2005 and No.511/2005, determining them as an abuse of the process of law, given the civil nature of the disputes involving contractual obligations and securities. The court found no prima facie evidence of criminal breach of trust, misappropriation, or forgery, as the sale of pledged shares was conducted with prior notice and in accordance with relevant agreements. Emphasizing the distinction between civil and criminal proceedings, the court ruled that the allegations lacked the necessary elements for criminal offences. The disputes were directed to be resolved in civil court without prejudice to either party. 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 The HC quashed FIRs No.505/2005 and No.511/2005, determining them as an abuse of the process of law, given the civil nature of the disputes involving contractual obligations and securities. The court found no prima facie evidence of criminal breach of trust, misappropriation, or forgery, as the sale of pledged shares was conducted with prior notice and in accordance with relevant agreements. Emphasizing the distinction between civil and criminal proceedings, the court ruled that the allegations lacked the necessary elements for criminal offences. The disputes were directed to be resolved in civil court without prejudice to either party. Case-Laws Indian Laws Mon, 23 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459214