Bombay High Court Dismisses Petition Seeking Additional Charge Sheet Under MPID Act Against Directors of Financial Establishment. Court holds that mere failure to repay deposits does not automatically attract Section 3 of the Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 without evidence of fraudulent intent.
30 Nov 2017The petitioners, depositors in respondent No.5 company, filed a criminal writ petition seeking a direction to the police to file an additional charge ...
