2024 (6) TMI 1616

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....der Sections 448, 451 of the Companies Act (for short 'the Act') and Sections 464, 468, 471, 120-B of the Indian Penal Code (for short 'IPC'). 2. The brief facts of the case are that respondent No.2 and his wife incorporated a company namely M/s. Shreemukh Namitha Homes Private Limited on 19.08.2015 under the Act. Accused Nos. 1 and 2 appointed as directors of the said company on 03.09.2016 and 27.08.2015, respectively. As per the altered articles of association of the Company dated 02.11.2021, during the Annual General Meeting held on 30.11.2021, the said company proposed resolution for re-appointment of accused Nos.1 and 2 as directors of the said company. However, accused Nos.1 and 2 were not re-appointed as directors ....

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....ns of learned counsel for the petitioners stating that there are grave allegations against the petitioner which requires trial. Hence, he prayed to the Court to dismiss the Criminal Petition. 6. In view of the rival submissions made by both the parties, this Court has perused the material available on record. The main allegations are that the petitioners made false statements before the statutory authority including Ministry of Corporate affairs apart from illegally appointing third parties through surreptitious board resolutions only to usurp the management of the said company. Further, due to civil disputes between the parties, the petitioners filed civil suits O.S.No.55 of 2022 before the III Junior Civil Judge, Kukatpally; O.S.No.99 ....