{"id":157818,"date":"2000-04-03T00:00:00","date_gmt":"2000-04-02T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/prudential-capital-mkt-ltd-and-vs-state-of-bihar-and-ors-on-3-april-2000"},"modified":"2015-10-29T11:09:56","modified_gmt":"2015-10-29T05:39:56","slug":"prudential-capital-mkt-ltd-and-vs-state-of-bihar-and-ors-on-3-april-2000","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/prudential-capital-mkt-ltd-and-vs-state-of-bihar-and-ors-on-3-april-2000","title":{"rendered":"Prudential Capital Mkt. Ltd. And &#8230; vs State Of Bihar And Ors. on 3 April, 2000"},"content":{"rendered":"<div class=\"docsource_main\">Supreme Court of India<\/div>\n<div class=\"doc_title\">Prudential Capital Mkt. Ltd. And &#8230; vs State Of Bihar And Ors. on 3 April, 2000<\/div>\n<div class=\"doc_citations\">Equivalent citations: 2000 102 CompCas 442 SC, 2001 CriLJ 121, JT 2000 (8) SC 502, (2000) 9 SCC 539<\/div>\n<div class=\"doc_author\">Author: G Pattanaik<\/div>\n<div class=\"doc_bench\">Bench: G Pattanaik, U Banerjee<\/div>\n<\/p>\n<pre><\/pre>\n<p>JUDGMENT<\/p>\n<p>G.B. Pattanaik, J.<\/p>\n<p>1. Delay condoned.\n<\/p>\n<p>2. An order of cognizance taken by the Criminal Court under Sections 420, 120B I.P.C. as well as Section 138 of the Negotiable Instruments Act not having been quashed by the High Court on an application being moved under Section 482 Cr.P.C. the present application has been filed in this Court.\n<\/p>\n<p>3. We see no provision under the Reserve Bank of India Act which prohibits any criminal proceeding to be continued. The provision of Section 58(E) bars taking cognizance of offence committed under the said Act, namely, Reserve Bank of India Act. The power of Company Law Board under Section 45QA of the R.B.I. Act, as amended, does not in any way take away the power of the criminal court to continue with the criminal proceedings.\n<\/p>\n<p>4. In course of his arguments, the learned Counsel points out that several High Courts have stayed the criminal proceedings. We do not know under what circumstances, the High Courts have stayed the criminal proceedings, nor any provision has been shown to us. Be that as it may, we are not inclined to interfere with the impugned order. The Special Leave Petition stands accordingly dismissed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supreme Court of India Prudential Capital Mkt. Ltd. And &#8230; vs State Of Bihar And Ors. on 3 April, 2000 Equivalent citations: 2000 102 CompCas 442 SC, 2001 CriLJ 121, JT 2000 (8) SC 502, (2000) 9 SCC 539 Author: G Pattanaik Bench: G Pattanaik, U Banerjee JUDGMENT G.B. Pattanaik, J. 1. Delay condoned. 2. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-157818","post","type-post","status-publish","format-standard","hentry","category-supreme-court-of-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Prudential Capital Mkt. Ltd. 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