Criminal Proceedings Against Directors Cannot Survive Without the Company Being Arrayed as an Accused: Calcutta HC

In a recent legal development, the High Court at Calcutta, Circuit Bench at Jalpaiguri, has quashed criminal proceedings against Lanco Infratech Limited (LITL) and its managing directors, G. Venkatesh Babu and L. Madhusudhan Rao.  The judgment was delivered by Justice Siddhartha Roy Chowdhury, who found that the criminal case lacked merit and appeared to be

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