1999 (1) TMI 411 - HC - Companies Law

Summary

The High Court of Bombay allowed the petition under section 633(2) of the Companies Act, 1956, granting relief to the petitioners from criminal liability for non-compliance with section 113. The court found that the petitioners had acted honestly and reasonably, following a similar judgment in a previous case. The petition was allowed, and there was no order as to costs.