#Adjudicating Officer vs Criminal Court

The Kerala High Court has ruled that criminal courts retain the authority to prosecute wrongful withholding of company property under Section 452 of the Companies Act, 2013, rejecting the argument that adjudication is exclusively vested in the Adjudicating Officer post-2020 amendments. This reaffirms the criminal liability of former employees who retain company assets, ensuring that civil disputes do not shield criminal misconduct from prosecution.