https://www.taxtmi.com/caselaws?id=459248 The Sessions Court upheld the Metropolitan Magistrate's decision to dismiss the complaint under Section 406 IPC against accused Nos. 7 & 8, finalizing the matter. The court determined that filing a subsequent complaint on the same cause of action was impermissible, quashing the second complaint. It clarified directors' vicarious liability under the SEBI Act, emphasizing that directors are not liable unless proven to be in charge of the company's conduct. The judgment reinforced that multiple complaints for the same cause of action are unsustainable, setting aside all proceedings from the subsequent complaint. en-us Thu, 02 Feb 2012 00:00:00 +0530 Fri, 06 Dec 2024 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459248 The Sessions Court upheld the Metropolitan Magistrate's decision to dismiss the complaint under Section 406 IPC against accused Nos. 7 & 8, finalizing the matter. The court determined that filing a subsequent complaint on the same cause of action was impermissible, quashing the second complaint. It clarified directors' vicarious liability under the SEBI Act, emphasizing that directors are not liable unless proven to be in charge of the company's conduct. The judgment reinforced that multiple complaints for the same cause of action are unsustainable, setting aside all proceedings from the subsequent complaint. Case-Laws Indian Laws Thu, 02 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459248