https://www.taxtmi.com/caselaws?id=462461 A successive petition under Section 482 CrPC was held maintainable where the later application raised grounds and factual material not decided in the earlier quashing petition. On merits, Section 447 of the Companies Act, 2013 could not be applied retrospectively to transactions alleged to have begun before the provision came into force, and the alleged conduct was treated as more appropriately falling within the regulatory framework of Sections 185, 186 and 188. The Court rejected characterisation of the matter as a continuing offence under Section 447, and the complaint proceedings were quashed on that basis. en-us Fri, 20 Dec 2024 00:00:00 +0530 Tue, 24 Jun 2025 22:02:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462461 A successive petition under Section 482 CrPC was held maintainable where the later application raised grounds and factual material not decided in the earlier quashing petition. On merits, Section 447 of the Companies Act, 2013 could not be applied retrospectively to transactions alleged to have begun before the provision came into force, and the alleged conduct was treated as more appropriately falling within the regulatory framework of Sections 185, 186 and 188. The Court rejected characterisation of the matter as a continuing offence under Section 447, and the complaint proceedings were quashed on that basis. Case-Laws Companies Law Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462461