2026 (9) TMI 1043

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.... For the Petitioner(s): Mr. C. S. S. Pillai For the Respondent(s): Dr. G. Babu, Special Central Government Counsel ORDER This Criminal Original Petition is filed to quash the complaint in E.O.C.C.No.110 of 2006 on the file of the Additional Chief Metropolitan Magistrate Court, Economic Offences -I, Egmore, Chennai. 2. The respondent lodged a complaint alleging an offence under Section ....

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....ore, it is alleged that the provisions of Sections 205A(5) and 205A(8) of the Companies Act were violated, and that the first accused and the other accused committed the offence punishable under Section 205A(8) of the Companies Act. 4. The cause of action for lodging the complaint is stated to have arisen thereafter. In the present case, for the financial year 1995-1996, the dividend was requir....

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....e sake of argument that the date of knowledge of the offence was in the year 2005, the complaint was filed only thereafter, and therefore, the same is barred by limitation. 6. That apart, the trial has been pending from the year 2006 without any substantial progress for nearly two decades. Therefore, keeping the proceedings pending any further would not serve any useful purpose. In the interest....