1950 (1) TMI 6 - HC - Companies Law

Summary

The petitioner, a promoter-director of a company, was accused under section 282A of the Indian Companies Act for wrongfully keeping company articles. The court found in favor of the petitioner as he had a legitimate claim for unpaid salary and had obtained a decree against the company for the same amount. The conviction and sentence were deemed illegal, and the petitioner was acquitted with the possibility of a fine refund.