2010 (11) TMI 1142 - HC - Companies Law

Summary

The application was filed against respondents for not filing the statement of affairs under section 454(5) of the Companies Act, 1956. Respondent No. 1 and 3 are deceased, so the petition against them is dismissed. Respondent No. 2, the Vice-Chairman, was not involved in the company's affairs from 1994 to 1999, so the application is rejected, and he is discharged.