https://www.taxtmi.com/caselaws?id=794963 Cheating requires a fraudulent or dishonest representation, reliance by the complainant, and dishonest intention when the promise or representation is made. A subsequent default in a commercial or loan arrangement, including one arising from business difficulties after substantial repayments, does not by itself establish cheating. Where an insolvency resolution plan is approved with creditor participation, settlement dues are received, and a no-due certificate confirms that the corporate debtor has no outstanding liability, continued criminal prosecution lacks foundation if the ingredients of cheating are absent. Such continuation may constitute abuse of process and be quashed. en-us Fri, 10 Jul 2026 00:00:00 +0530 Wed, 15 Jul 2026 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794963 Cheating requires a fraudulent or dishonest representation, reliance by the complainant, and dishonest intention when the promise or representation is made. A subsequent default in a commercial or loan arrangement, including one arising from business difficulties after substantial repayments, does not by itself establish cheating. Where an insolvency resolution plan is approved with creditor participation, settlement dues are received, and a no-due certificate confirms that the corporate debtor has no outstanding liability, continued criminal prosecution lacks foundation if the ingredients of cheating are absent. Such continuation may constitute abuse of process and be quashed. Case-Laws Companies Law Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794963