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Post No: 113032 March 04, 2008, 05:56AM
Guest wrote:

The promoters of Helios & Matheson have a criminal record.

THIS IS A COURT ORDER WHERE HONORABLE MAGISTRATE CONFIRMS THAT HE FINDS SUFFICIENT GROUNDS FOR PROCEEDING AGAINST H&M & OTHERS FOR CHEATING, FABRICATING & FORGING OF DOCUMENTS ETC.

IN THE COURT OF THE ADDL.CHIEF METROPOLITAN MAGAISTRATE
47TH COURT, ESPLANADE,MUMBAI.
CASE NO.177/MIS/2006


..COMPLAINANT

VS

State Bank of Mauritius, Helios & Matheson & Ors.
V.Ramachandrian / G.K Muralikrishna..ACCUSED

ORDER BELOW THE COMPLAINT:

1 Heard the Advocate Sabnis for the complainant.

2 The record is seen. It appears that the complainant and the accused No.4 were the share holder of Vmoksha Technologies Ltd and the agreement was reached between this company and accused no.5 Helios and Matheson Information Technology Ltd. For selling of the shares. It appears that thereafter the account was opend in the bank by committing forgery and the application for loan was made in the name of the company of the complainant and the loan so obtained was transferred in the name of accused no.5. An attempt was made to show that the payment of the share was made thus by obtaining the loan in the name of the company of the complainant.

3 I find sufficient grounds for proceeding against all the accused persons for the offence U/sec. 120B, 420 read with 120B, 465 r.w. 120B, 467 r.w. 120B, 465 r.w.120B, 467 r.w.471 r.w.120B and 403 r.w.511 r.w.120B of Indian Penal Code on payment process fees.

4 Issue summons accordingly. Returnable on 20/4/2007. The list of witnesses is given.
(M.Y.Mankar)

Addl.Chief Metropolitan Magistrate,
47th Court, Esplanade, Mumbai
47th Court, Esplanade, Mumbai

Sabnis
Chambers of Shri Mahesh Jethmalani

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