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1994 (12) TMI 261 - HC - Companies Law
The High Court of Punjab and Haryana quashed the complaints and subsequent proceedings against the petitioners under section 220/162 of the Companies Act, 1956. The petitioners had resigned from the company's board before the alleged offenses occurred. The court found that the delay in filing the complaint and the offenses being punishable with fines were grounds for quashing the complaints. (Case citation: 1994 (12) TMI 261)
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