ASHIM K. ROY vs BIPIN BHAI VADILAL MEHTA

The Supreme Court addressed the allegations of conspiracy and criminal breach of trust under Section 120-B and Section 409 IPC, along with Section 77 of the Companies Act. The Court held that the contesting respondents had conspired to misappropriate company funds, thereby violating their fiduciary duties to the shareholders and employees. The judgment affirmed the lower court's findings and emphasized the importance of accountability in corporate governance.