1987 (11) TMI 305 - HC - Companies Law

Summary

The High Court of Madras overturned the acquittal of a company in a case involving non-filing of balance-sheet and profit and loss account. The court found that the company and its officers were liable for punishment under the Companies Act, even if the default was beyond their control. The judgment was set aside for the company and remitted for a new trial, while confirming the convictions of the directors. The appeal was partially allowed and partially dismissed. (Case citation: 1987 (11) TMI 305 - HIGH COURT OF MADRAS)