Can a police offices have power to arrest the accused in all cognizable cases, pending dispute between the parties.?
Facts : Our company [A] have some service agreement with a company located in Mumbai. There is some dispute regarding inefficiency in services, in consequenses of which [B] company had imposed some panely on our company [A] and denied to clear the bill, which our company raised on [B] company. Now they have cancelled the contract and and demanding for pending stocks lying with us, but we are determined not to returned the stock as our bill is not yet cleared. Now they are threatening to file case under sections-403, 405, 120B, 417 and other [IPC].
Please let us know, whether police officers can arrest the directors of our company on filing of FIR by [B]. What are the defences available to our company ?