2002 (6) TMI 442 - HC - Companies Law

Summary

The High Court of Bombay dismissed the petition challenging the order of issuing process under the Companies Act, 1956, due to delay in filing the complaint beyond the limitation period. The learned Sessions Judge found the offence punishable with a fine only and that the prosecution was barred by limitation. The petition was dismissed as the order of the Magistrate taking cognizance of the offence was not legally sustainable.