https://www.taxtmi.com/caselaws?id=788756 A scheme of arrangement or settlement approved in company proceedings cannot validly provide for quashing, compounding, dismissal, or discharge of pending criminal proceedings. The clause requiring joint applications to terminate the criminal case was treated as impermissible because serious offences must be taken to their logical conclusion before the competent criminal court. A civil forum cannot dilute the consequences of criminal prosecution through a settlement covenant, and any lifting of attachment or disbursement of settlement funds does not affect the criminal case, which continues independently. en-us Mon, 09 Mar 2026 00:00:00 +0530 Fri, 27 Mar 2026 09:21:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788756 A scheme of arrangement or settlement approved in company proceedings cannot validly provide for quashing, compounding, dismissal, or discharge of pending criminal proceedings. The clause requiring joint applications to terminate the criminal case was treated as impermissible because serious offences must be taken to their logical conclusion before the competent criminal court. A civil forum cannot dilute the consequences of criminal prosecution through a settlement covenant, and any lifting of attachment or disbursement of settlement funds does not affect the criminal case, which continues independently. Case-Laws Money Laundering Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788756