1993 (2) TMI 260 - HC - Companies Law

Summary

The High Court of Rajasthan allowed the application under section 633(2) of the Companies Act, 1956, filed by directors and ex-directors of a company manufacturing wires and cables. The company had become sick and remained closed, with efforts made to revive it. The court relieved the directors from their duties for a period of two years due to the company's circumstances.