Two cases ended in companyviction and seven prosecutions resulted in acquittal.
Against acquittal in other prosecutions the State preferred appeals to the High Court.
Several prosecutions were launched against the respondents for offences punishable under Sections 20 and 21 of the Act on the basis of investigation carried under Section 5 2 of the CrPC, 1898 Code for short and seizure of documents as a result of search companyducted under Section 165 of the Code.
The companyvicted accused carried two criminal revisions to the High Court.
Against the companyviction two separate appeals were carried to the Court of Sessions which were dismissed.
The seven criminal appeals and the two criminal revisions were ultimately referred to a Full Bench for deciding the question raised, viz.,
Ranganath Misra, J. This appeal by special leave at the instance of the State of Maharashtra is directed against the decision of a Full Bench of the High Court of Bombay dealing with an interesting question under the Forward Contracts Regulation Act, 1952 Act for short .
