SC Quashes Criminal Proceedings Against Share Holders Accused Of 'Stealing' Company Documents To Produce Before Company Law Board [Read Judgment]

Ashok Kini

9 May 2019 9:09 PM IST

  • SC Quashes Criminal Proceedings Against Share Holders Accused Of Stealing Company Documents To Produce Before Company Law Board [Read Judgment]

    "Merely because the respondents have produced the copies of the documents in the CLB proceedings, it cannot be said that they have removed the documents with "dishonest" intention."

    The Supreme Court judgment in Birla Corporation Limited vs. Adventz Investments and Holdings Limited draws some parallels with its recent order in Rafale Review Petitions. While in Rafale, the issue was about admissibility of documents allegedly 'stolen' from the Ministry, here the issue before the bench comprising Justice R. Banumathi and Justice R. Subhash Reddy was whether the act...

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