1944 (1) TMI 12 - HC - Companies Law

Summary

The High Court of Patna set aside the order of the District Magistrate summoning Mr. Roy Chowdhury in a prosecution case against Eastern National Bank Limited for contravention of the Companies Act. The Court ruled that the Magistrate had no jurisdiction to summon Mr. Roy Chowdhury personally, as the penalty under Section 136 was against the company itself, a legal entity. The Court directed the Magistrate to take proper action against the company in accordance with the law.