https://www.taxtmi.com/caselaws?id=796726 Cognizance for offences under the Securities Contracts (Regulation) Act, 1956 requires a prescribed written complaint before the competent court and cannot be taken on a police report, although police investigation material may support an authorised complaint. Proceedings based on the police report were therefore quashed for those offences. Criminal breach of trust and cheating require allegations of entrustment or dominion, dishonest misappropriation, wrongful gain or loss, and dishonest inducement leading to delivery of property. As these foundational elements were absent, the relevant IPC allegations were also quashed, while investigation into remaining offences could continue. en-us Mon, 27 Jul 2026 00:00:00 +0530 Mon, 10 Aug 2026 08:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796726 Cognizance for offences under the Securities Contracts (Regulation) Act, 1956 requires a prescribed written complaint before the competent court and cannot be taken on a police report, although police investigation material may support an authorised complaint. Proceedings based on the police report were therefore quashed for those offences. Criminal breach of trust and cheating require allegations of entrustment or dominion, dishonest misappropriation, wrongful gain or loss, and dishonest inducement leading to delivery of property. As these foundational elements were absent, the relevant IPC allegations were also quashed, while investigation into remaining offences could continue. Case-Laws SEBI Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796726