https://www.taxtmi.com/caselaws?id=770662 Inherent jurisdiction under Section 482 CrPC cannot be used to order release of sale proceeds of shares when the transaction is under investigation for cheating and conspiracy. Where the charge-sheet showed that the main accused was absconding and the respondent's role could be determined only after further investigation, the High Court could not record a finding that the respondent had no role in the alleged fraud or effectively conduct a mini trial. The direction to release the money was therefore beyond the permissible limits of Section 482 CrPC, was set aside, and the funds were directed to remain with the BSE pending trial. en-us Tue, 13 May 2025 00:00:00 +0530 Thu, 15 May 2025 07:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770662 Inherent jurisdiction under Section 482 CrPC cannot be used to order release of sale proceeds of shares when the transaction is under investigation for cheating and conspiracy. Where the charge-sheet showed that the main accused was absconding and the respondent's role could be determined only after further investigation, the High Court could not record a finding that the respondent had no role in the alleged fraud or effectively conduct a mini trial. The direction to release the money was therefore beyond the permissible limits of Section 482 CrPC, was set aside, and the funds were directed to remain with the BSE pending trial. Case-Laws Indian Laws Tue, 13 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770662