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Proceeding under CIS norms was not to be quashed where major questions were yet to be decided in trial: HC

September 16, 2020[2020] 119 153 (Madras)

COMPANY LAW: Where questions whether petitioners had complied with CIS Regulations on or before date mentioned in Regulations and whether offence was compoundable or not were questions to be decided in trial by putting forth evidence, proceedings under complaint filed by SEBI for non-compliance of CIS Regulations was not to be quashed; petition to quash complaint dismissed

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