2026 (5) TMI 1493

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....the Respondent : Sri. Chandra Shekara K, Advocate ORAL ORDER: The petitioner is before this Court in this Criminal revision petition filed under Section 397 read with Section 401 of Cr.PC with a prayer to set aside the order dated 01.10.2019 passed by the Special Court for Economic Offences, Bengaluru in C.C.No.77/2018, discharging the respondent/accused for the offence punishable under Sect....

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....ion petition has been allowed by the Co-ordinate Bench of this Court on 03.02.2025. 4. Learned counsel for the respondent submits that accused No.2 is the Managing Director of the Company and the petitioner is only a Director along with the accused Nos.3 to 5. Petitioner was not participating in the day to day affairs of management of the Company and therefore he cannot be vicariously held liab....

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....cused Nos.2 to 6 were in charge of day-to-day affairs of accused No.1 Company. The said finding recorded by the Trial Court is common to accused Nos.2 to 6. The Co-ordinate Branch of this Court has set aside the said finding in Crl.RP.No.396/2020 which was filed by the petitioner as against accused No.2. Under the circumstances, I am of the opinion that even this Criminal revision petition needs t....