Relief to Air Asia: Karnataka HC Quashes Criminal Proceedings Under Pre-Amendment Companies Act Due to Retrospective Decriminalization [Read Order]
Citing established precedents, the Court ruled that the amended provision applied retrospectively, rendering the criminal complaint and subsequent cognizance order legally unsustainable.
The High Court of Karnataka, granted relief to Air Asia (India) Private Limited by quashing criminal proceedings initiated under the pre-amendment version of Section 197(15) of the Companies Act,2013. Air Asia (India) Private Limited, petitioner, approached the High Court seeking to quash proceedings initiated before the Special Court of Economic Offences, Bengaluru. The case was…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
