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2020 (2) TMI 401 - HC - Companies LawQuashing of FIR - allegation is that the accused persons have with an intention and conspiracy planned to cheat the people and after opening branch offices and collecting money from the customers they have fled away with some of ₹ 5 Crores approximately - HELD THAT:- Matter referred to the Hon’ble Division Bench of this Court for consideration: Whether sub-section (2) of Section 50 of the Bihar Self Supporting Co-operative Societies Act, 1996 may be interpreted to mean and understand that the words “other legal proceedings” occurring thereunder create a bar in lodgment of a first information report against the co-operative society registered under the said Act, its Director(s), Officer(s), Manager(s) or a member of the society and that it would also cover “the criminal proceeding” against them? Let the records be placed before Hon’ble the Chief Justice for referring the aforesaid questions to the Hon’ble Division Bench of this Court.
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