https://www.taxtmi.com/caselaws?id=766682 A false statement must be material to the issue before perjury findings can stand, and complaint proceedings under Section 340 CrPC require a judicial finding that prosecution is expedient in the interests of justice. Here, the alleged incorrect declaration in Form No. 18 was not material to conversion into an LLP, the supposed inconsistency on leasehold units was not a real contradiction, and pending insolvency proceedings and liabilities would continue against the LLP. The tribunal also had no jurisdiction to punish offences under the Insolvency and Bankruptcy Code, 2016, because such offences are triable by the Special Court. The findings of perjury, fine, and complaint direction were set aside. en-us Fri, 28 Feb 2025 00:00:00 +0530 Mon, 03 Mar 2025 08:22:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766682 A false statement must be material to the issue before perjury findings can stand, and complaint proceedings under Section 340 CrPC require a judicial finding that prosecution is expedient in the interests of justice. Here, the alleged incorrect declaration in Form No. 18 was not material to conversion into an LLP, the supposed inconsistency on leasehold units was not a real contradiction, and pending insolvency proceedings and liabilities would continue against the LLP. The tribunal also had no jurisdiction to punish offences under the Insolvency and Bankruptcy Code, 2016, because such offences are triable by the Special Court. The findings of perjury, fine, and complaint direction were set aside. Case-Laws IBC Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766682