Investor of a Company Cannot File Case for Cheating Against Another Investor if He Loses His Money Because Company Suffered Losses: Karnataka HC

In a recent ruling, the High Court of Karnataka has quashed an order dated October 19, 2019, taking cognizance of offenses in a case involving a contractual dispute.  The complainant, Mr. Viwek Vaidya, alleged that a sum of Rs.1.29 crore paid to Thomas Sebastian between 2011 and 2014 for starting a company did not yield

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READ ALSO  Remitting the matter for a denovo trial should be exercised as a last resort and should be used when defect which cannot be cured at an appellate stage: Karnataka HC
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