https://www.taxtmi.com/caselaws?id=773784 A successive petition under inherent jurisdiction was maintainable because the earlier proceeding had not decided the same grounds and the factual basis was materially different. Section 447 of the Companies Act, 2013 could not be applied retrospectively to transactions occurring before its enforcement, and the alleged conduct was not treated as a continuing offence merely because related dealings extended across later periods. Since the complaint sought prosecution under an impermissible retrospective fraud provision and the allegations were more appropriately referable to other company-law offences, continuation of the proceedings was unsustainable. The complaint proceedings against the petitioners were quashed. en-us Fri, 09 May 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773784 A successive petition under inherent jurisdiction was maintainable because the earlier proceeding had not decided the same grounds and the factual basis was materially different. Section 447 of the Companies Act, 2013 could not be applied retrospectively to transactions occurring before its enforcement, and the alleged conduct was not treated as a continuing offence merely because related dealings extended across later periods. Since the complaint sought prosecution under an impermissible retrospective fraud provision and the allegations were more appropriately referable to other company-law offences, continuation of the proceedings was unsustainable. The complaint proceedings against the petitioners were quashed. Case-Laws Companies Law Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773784