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Companies Law - Highlights / Catch Notes

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Criminal court lacks inherent power to revive dismissed ...


IPO fund diversion charges: Dismissed case can't revive, fresh filing allowed.

Case Laws     Companies Law

September 13, 2024

Criminal court lacks inherent power to revive dismissed complaint. Filing fresh complaint allowed, not recalling dismissed one. IPO fund diversion allegation under Companies Act 2013 Sections 447/448. Order restoring dismissed complaint quashed as lacking jurisdiction under Supreme Court precedent. Consequential proceedings set aside. Petition allowed.

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