Securities And Exchange v. Eknaath Plantations Pvt.Ltd.,

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 14.10.2019

CORAM:

THE HONOURABLE Mr.JUSTICE P.N.PRAKASH Crl.R.C.No.993 of 2012 Securities and Exchange Board of India, D' Monte Building III Floor, 32 D' Monte Colony, T.T.K. Road, Alwarpet, Chennai-18, represented by its Assistant General Manager, S.Dhakshinamurthy.

...

Petitioner/Complainant Vs.

1. Eknaath Plantations Pvt. Ltd., 193 Anna Salai, Thousand Lights, Chennai 600 006.

2. Gowrinathan, Director, Eknaath Plantations Pvt. Ltd., 6 Rajaji 2nd Street, Lake Area, Nungambakkam, Chennai 600 034.

3. S.E.Anuradha, Director, Eknaath Plantations Pvt. Ltd., 6 Rajaji 2nd Street, Lake Area, Nungambakkam, Chennai 600 034.

4. S.E.Suresh, Director, Eknaath Plantations Pvt. Ltd., 6 Rajaji 2nd Street, Lake Area, Nungambakkam, Chennai 600 034.

...

Respondents/Accused Criminal Revision filed under Section 397 r/w 401 Cr.P.C., to set aside the judgment and order dated 13.04.2010 passed in

C.C.No.4776 of 2004 on the file of the XXIII Metropolitan Magistrate Court, Saidapet, Chennai.

For Petitioner : Mr.C.Prasanna Venkatesh M/s.R.Shankara Narayanan (Amicus Curiea)

O R D E R

This criminal revision is directed against the judgment and order dated 13.04.2010 passed in C.C.No.4776 of 2004 on the file of the XXIII Metropolitan Magistrate Court, Saidapet, Chennai.

2. For the sake of convenience, the petitioner and the respondents will be referred to as complainant and accused, respectively.

3. The facts of the case in brief are as under: 3.1 The complainant initiated a prosecution in C.C.No.4776 of 2004 before the XXIII Metropolitan Magistrate, Saidapet, Chennai, against the accused, alleging that they had failed to register themselves under the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999, which came into force in 1999.

3.2 The complaint was taken on file by the learned Magistrate and no effective steps were taken by the complainant to even identify the accused and serve summons on them. The trial Court had also issued warrants for execution, but, to no avail.

3.3 After waiting for a period of six years, the trial Court dismissed the complaint on 13.04.2010, by passing the following order:

"Complainant present. Accused called absent. No steps. Sufficient opportunities were given to the complainant for steps. This case is pending from 2004 without steps. Hence considering the pendency and steps not taken from 2004, this complaint is dismissed for steps not taken under Section 204 Cr.P.C."

3.4 Challenging the aforesaid order, the complainant is before this Court under Section 397 r/w 401 Cr.P.C.

4. This revision has been pending from 2012 and we are now in 2019. The complainant has not been able to serve summons on the accused. Under Section 401 (2) Cr.P.C., no order prejudicial

to the interest of the accused can be passed by this Court. No useful purpose will be served by keeping this criminal revision indefinitely, especially when it is not known whether the accused are dead or alive.

Hence, this criminal revision is dismissed.

Sd/- Assistant Registrar(CS VI) //True Copy// Sub Assistant Registrar To The XXIII Metropolitan Magistrate, Saidapet, Chennai - 600 015.

+1cc to M/s.C.Prasanna Venkatesh, Advocate Sr.86620 Crl.R.C.No.993 of 2012 rr[co] srg 09/12/2019